As inventories grow this year, industry analysts expect prices to cool. In December, there were about 1.1 million new cars on dealers’ lots, and that figure should increase by 80,000 to 100,000 each month, Mr. Jominy says. He thinks that consumers will see better deals once that number hits two million, and estimates that prices could drop by as much as 10% by the end of the year.
Luke Sharrett/Bloomberg News
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