Car prices remain high in 2023, mainly due to the shortage of inventory and chips at the end of 2022, but prices are dropping and will continue to drop 5 to 20% according to J.P. Morgan.
Automobile sales have risen YoY and MoM, despite the shortage of semiconductors continuing to affect the industry. March 2022 auto sales ended on a positive note as most automakers reported improved sales on a year-on-year and month-on-month basis.