Some welcome news for potential car buyers: dealerships are taking their foot off the gas on new vehicle prices. According to Kelley Blue Book, the average transaction price for a new car in July ...

After facing years of precipitous price inflation in the wake of the COVID-19 pandemic — and the supply chain issues and chip shortages that ensued — it appears that new car prices have ...

The prices of new and used cars are normalizing, but sales have flatlined, Bank of America says. Consumers are still priced out of the market because of rising interest and insurance costs.