Will New Car Prices Drop In 2024 Uk. This suggests that new car prices might drop in 2024.” one factor that could lead to price drops is an oversupply of new cars. This has led to many people pondering the question, “when will car prices drop?” in this guide, we will analyse the current market trends for car prices.
Rising new and used car sales mean that the uk car parc will grow in 2024, with 32.4 million cars expected to be in the parc in 2024, up from 32.3 million in 2023. It says the average discount on a new ev has now reached 10.6 percent, up from 4.8 percent a year ago, while 70 percent of new electric model trims saw average prices fall in december 2023.
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