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Why does the price of a new car rise or drop?

  

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If a vehicle is an all new model on the first year, how come the price goes up or down slightly on its second year and beyond without major changes?


2 Answers
1

Dealers do this because they caught the eyes of consumers but the consumer doesn't like the current price. Dealers then lower the price and then try to bring them back. Because of this chip shortage, we won't be seeing any affordable prices any time soon.


1

Minor changes can drive up the price. Models that aren't selling well may see a reduction in price.

Many variables impact the final price of a vehicle.


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