New Cars Are Becoming More Affordable. That's Good for Buyers and Auto Stocks. [MarketWatch]
Cars.com Inc. (CARS)
Last cars.com inc. earnings: 2/26 07:30 am
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Source: MarketWatch
Want to see it on more articles? Give your feedback below or email product@barrons.com thumb-stroke-medium thumb-stroke-medium New-car prices keep coming down while wages keep going up. Things are slowly getting more normal. Brandon Bell/Getty Images The high cost of new cars has been a thing with buyers—and automotive investors—for a few years, since Covid-19 disrupted the global economy. Now, though, a shift is happening. New cars are becoming more affordable—and that's good for car buyers. It's even good for automotive investors, who tend to worry too much about the absolute level of pricing. Advertisement The average cost of a new car in the U.S. is roughly , up about $10,000 from prepandemic levels. That higher price, combined with higher interest rates, means a typical car payment has increased about 33% since before the pandemic. But interest rates are just off peak levels and the average price of a new car has dropped almost $3,000 from highs reached in
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News
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- FGPG Hires Former Hogarth & Ogilvy Global CEO Jonathan Adler as Chief Marketing Officer [Yahoo! Finance]Yahoo! Finance
- Cars.com to Announce First Quarter 2024 Financial ResultsPR Newswire
- Is Weakness In Cars.com Inc. (NYSE:CARS) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- 7 New Cars That Give You the Best Bang for Your Buck in 2024 [Yahoo! Finance]Yahoo! Finance
CARS
Earnings
- 2/22/24 - Miss
CARS
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- CARS's page on the SEC website