Will car prices come down in 2024? Here’s what industry experts predict

If you’re planning to pick up a new or used vehicle in 2024, don’t expect it to cost much less than it would have last year. During the COVID-19 pandemic, inventory became a big factor due to supply chain issues that impacted the availability of semiconductors and automotive computer chips, leading to higher prices on vehicles. And automotive experts don’t expect vehicle costs to return to pre-pandemic levels any time soon. However, some experts say that 2023 was a pretty positive year when it comes to availability. Kyle Benning talks to industry experts to get their outlook on the market in the year ahead. For more info, please go to https://globalnews.ca/news/10204235/auto-market-2024-forecast/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews