The 2nd half of 2024 might be a good time to buy a car

Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.

If you are in the market for a new vehicle, the second half of 2024 might be an even better time to buy.

One reason new car sales remained strong to start the year was that dealers were offering more incentives. But some buyers seem to be waiting for prices to come down even more. Kelley Blue Book said that the average transaction price in May 2024 was $442 lower than in May 2023. The average new car sold for $48,389 in May, KBB said.

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