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CPI, Cars, and Credit Conditions
Moody's Talks - Inside Economics
The Lower MSRP Means Higher New Vehicle Sales
As the price increases, they happen every year, there's going to be a lag. Whereas the manufacturers are trying to keep their dealerships just at that top upper bound. So I think this lag defect from the MSRP being an upper bound is the reason we're continuing to see increases in new vehicle sales. It's my expectation like yours that these new vehicle prices will come down as we go throughout this year.
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