Car Prices Are DROPPING! But It Is Not What You Think

Car prices are dropping and this is when you should buy a car from a dealer in 2024. Car expert explains why car prices are going down and when is the best time to buy a car. We also look at which cars, SUVs, hybrids and electric cars have the biggest and smallest price drops. If you are planning to buy a car in 2024, make sure to watch this video.

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ABOUT ME

With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe!

[skidbootify]

the prices are still ridiculous, let them sit on the lot, hit them in the pocketbook and the price should drop. RIDICULOUS prices!!!

[mervstone]

I spent a recent Saturday trying to help my niece buy her first used car .. 3 yr old Toyota Corolla, Honda CR-V or Mazda CX-30.. The three dealerships arrogance was palpable, their unwillingness to to provide any cost reduction absurd, each car views ticket price was around $23000 but ended up close to $30 k after all the additions that they point blank refused to take off . 8 or 11% Apr loans to boot .. they said they can sell them within a day .. 3 weeks on I still get emails if I’m still interested .. such greed .. Thankfully my niece received a generous gift of a 5 yr old BMW i3 with less than 20k miles by paying off the remaining loan of $7k from an elderly relative.. :-)

[oleglishchenko]

Another consideration is insurance. For some new cars it could be as much as twice as much as for older cars

[jedlevron]

Cars depreciate so fast, the lack of quality, and not worth the hassle for what we get. I don't want or need all of the tech in these vehicles. I need a high quality car to get to work. Vehicles are an end to a means and not life. We went down to one vehicle as the cost and quality is longer worth it. Gas is higher, insurance on everything is higher, we had to rebuild our house because of a hurricane and the prices are crazy, food cost is much higher. It's not worth it. Keep it simple, reliable and affordable. Our lives are not all about bills.

[expomm]

I dort see any price going down, contrary going up!

[grriceman]

EV vehicle manufacturers got REALLY greedy during the pandemic and now they are paying the price

[oishiitravel]

There is a lot of this BS 'One pricing' popping up at dealerships as advertising 'this is their lowest price!' 'No need to negotiate!' We are 3-4 years removed from the pandemic and it is still ridiculous hard to get a car at a reasonable price.

[ztekz]

3months ago shopped for a new “transitional” vehicle as not ready for full EV. Bought a CRV hybrid off dealer lot and paid MSRP, no doc fees/dealer fees! Tried PHEV but inventory scarce and RAV4 hybrid/Lexus NX hybrid factory order was 1-1.5yr wait (pre-owned was same or higher priced as new) OR pay up to $5K on new stock with dealer-added options & other fees! Said to Lexus dealer “no thanks” and walked out!

[jonr]

If you’re relying on public charging, avoid any EV that can’t use Tesla superchargers. Public charging infrastructure was already underwhelming, and the flood of EVs on the road made it worse.

[gapsndm]

Price may be dropping, but the interest is killing you 😂

[jonwear]

There are more than 100 electric cars, SUVs, and trucks available at the dealership's parking lot, but there are no buyers.

[conradbo]

Your videos are always informative and helpful. Thanks a lot.

[jamesstuart]

Hey everybody, can I get a Happy 21st Birthday Shout Out for my Pontiac Vibe? Bought new from Cliff Mills in Oshawa 1 June 2003. Still Vibin' ❤

[jean-claudebertrand]

Hybrid or plug-in hybrid my next luxury car or luxury SUV

[ryszardsawicki]

I have been looking around for Toyota's or Honda's various models for the last couple of years. It does not look like the prices of these vehicles are dropping - exactly opposite.

[Steve_in_NJ]

UPDATE: 5/13/24 -- I took delivery today of a brand new (well, 2023, but it was sitting in the showroom for almost a year) KIA Niro EV Wave for less per month than my 2022 Hyundai Kona Limited!! After the test drive, I found out that I'm saving over $9, 000 additional off sale price as EV leases in the State of NJ do not pay sales tax and still get the full Federal tax credits.

[Flyterbut]

Just got 10% off a 2024 Honda Civic Sport Touring May 10th. Many dealerships said no, some went up to 5%, found 1 that gave in.

[TKX]

mealwhile in china BYD is selling cars starting at 10k ... yeah 10k a car, why would I want to buy a silverado EV for 100k. make it 35k which is the actually reasonable price

[signpost]

Location also has an effect on the car prices. Where there are a lot of affluent buyers will naturally mean prices don't come down much if at all. Law of supply and demand always work.

[vpiissu]

Ford is going into legal battle in the UK because they can't sell enough EVs to be 22% of their cars sold in the UK. "You can't go against market" - said their executive there. Glad to her that phrase, Ford!