#1 most fuel-efficient car (12 14 23)

Advertisement

Clark has predicted that car prices will moderate over a long period of time since the COVID-19 price spikes. Find out how strong his predictions are looking right now later in this email.

💵 Today’s Top Stories

🚘️ Car Price Normalization Is Real and It’s Spectacular

If you listen to Clark’s podcast or read Clark.com every week, you’ve noticed a monotone piece of advice from the money expert.

Want the best price on buying a vehicle and don’t need one immediately? Wait.

From the COVID-19 supply chain issues that dropped inventory well below demand to stubborn dealerships reacting slowly to free-market forces, Clark has predicted a steady but drowsy moderation.

That’s exactly what has happened – slowly at first, but in a much more real sense toward the end of 2023. (Now if only interest rates fall in ’24, right?)

Here are some numbers that illustrate how Clark’s long-held predictions are coming true (hat tip to Car Dealership Guy):

• The average retail price for vehicles fell more than 4% from December 2022 to November 2023.

• Incentive spending per vehicle more than doubled during that same time period (now $2,247 on average).

• The average loan amount for all vehicles fell $1,359 year over year.

• Gross profits per vehicle have fallen for six consecutive quarters for publicly traded auto retailers.

• Here’s a look at the vehicles that have fallen the most in price since August.

📊 Stat of the Day

💰️ Deal Alert: Today’s Top Deals

🎙️ Podcast

It is so expensive to buy a home, especially for first-time home buyers. Clark talks through the most expensive metro areas and gives some advice if you’re in the market right now. Also, many fancy restaurants are doing serious take-out business. Clark shares some examples and tips to save when eating out.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

Advertisement