{"id":672348,"date":"2021-08-22T12:51:12","date_gmt":"2021-08-22T16:51:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=672348"},"modified":"2021-08-22T12:51:14","modified_gmt":"2021-08-22T16:51:14","slug":"used-car-prices-expected-to-level-off-for-q3","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/used-car-prices-expected-to-level-off-for-q3\/","title":{"rendered":"Used car prices expected to level off for Q3"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fused-car-prices-expected-to-level-off-for-q3%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=672348&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2497670\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2497670\" class=\"wp-caption-text\">Used cars sit on the sales lot at Autometrics Quality Used Cars in El Cerrito, California. (Photo by Justin Sullivan\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 9:50 AM PT \u2013 Sunday, August 22, 2021<\/h5>\n<p>Used car prices have begun to level off after a months-long surge. In a recent report, industry experts said they expected prices to drop and inventory to increase heading into the third quarter of 2021.<\/p>\n<p>According to Edmunds, the average used car price reached $25,000 for the first time ever in June. Prices have been up nearly 30 percent from June 2020 when the average price of a used car was $19,500.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">America\u2019s inflation scare is starting to look less menacing: decelerating used-car prices suggest surge may be transitory, ine line with <a href=\"https:\/\/twitter.com\/TheEIU?ref_src=twsrc%5Etfw\">@TheEIU<\/a> expectations <a href=\"https:\/\/t.co\/LBjncHpq5w\">pic.twitter.com\/LBjncHpq5w<\/a><\/p>\n<p>\u2014 Agathe Demarais (@AgatheDemarais) <a href=\"https:\/\/twitter.com\/AgatheDemarais\/status\/1428386283068563458?ref_src=twsrc%5Etfw\">August 19, 2021<\/a><\/p>\n<\/blockquote>\n<p>The spike in prices has reportedly been driven by a shortage of microchips. However, Sonic Automotive President Jeff Dyke said there have been signs the market was leveling off.<\/p>\n<p>\u201cIn my 25-year career, we\u2019ve never seen this before, where you have an inversion like this where wholesale prices are really higher than retail prices, but all of that is coming to an end,\u201d he explained. \u201c\u2026Inventories are repopulating. Prices will come down and they\u2019ll settle as I said.\u201d<\/p>\n<p>Dyke went on to say used car prices have dropped by as much as $2,000 in July as the supply of new cars has started to increase.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/maher-toe-the-woke-line-or-lose-your-job-in-media\/\">Maher: Toe The Woke Line Or Lose Your Job In Media<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Used cars sit on the sales lot at Autometrics Quality Used Cars in El Cerrito, California. (Photo by Justin Sullivan\/Getty Images) OAN NewsroomUPDATED 9:50 AM PT \u2013 Sunday, August 22, &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-672348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/672348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=672348"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/672348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=672348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=672348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=672348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}