Edmunds: Vehicle Prices Remain High This Labor Day Weekend

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If you were planning to go car shopping this Labor Day weekend don't expect to see the big markdowns you would have seen in years past the pandemic is made this another far from normal year when it comes to car buying usually dealers discount their inventory to make room for next year's models but because of a shortage of computer chips new vehicle inventories about a third of what it should be and Jessica Caldwell with admins says that lack of inventory means higher prices new vehicles are averaging forty two thousand three hundred dollars that's nearly nine percent higher than last year and used cars high in demand cost about twenty seven percent more than last year averaging twenty six thousand four hundred dollars hi Jackie Quinn

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