Honda exec: High auto prices may drop, but not dramatically


A a Hyundai Hyundai executive executive expects expects the the price price of of new new vehicles vehicles in in the the U. U. S. S. to to drop drop but but not not dramatically dramatically Hyundai Hyundai executive executive vice vice president president of of national national operations operations Dave Dave Gardner Gardner thinks thinks the the cost cost of of new new vehicles vehicles in in the the U. U. S. S. will will ease ease slightly slightly from from the the record record of of more more than than forty forty six six thousand thousand dollars dollars in in December December but but Gardner Gardner says says prices prices won't won't fall fall to to where where they they were were before before the the pandemic pandemic a a shortage shortage of of new new vehicles vehicles brought brought on on by by the the global global chip chip shortage shortage has has forced forced Honda Honda and and other other automakers automakers to to cut cut factory factory production production at at a a time time when when demand demand is is strong strong the the limited limited supply supply of of new new vehicles vehicles has has in in some some cases cases driven driven prices prices higher higher than than the the window window sticker sticker I'm I'm like like camping camping

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