CAR UPDATE: TOYOTA Inventory is UP! Buying a car right now?
Channel: Kevin Hunter The Homework Guy
Date: 2024-03-05

CAR UPDATE: TOYOTA is finally getting more new cars in stock and more inventory at Toyota. Have you ever wanted to find a Toyota "dealer near me." We can help with that!

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With Titles like 11 Fake Fees, to Don't Say I'm Paying Cash at Car dealerships, and Car Shortage Crisis, and Car Dealer Says Bring the Car Back!... The Homework Guy Team publishes videos to help Car Buyers. Then we added Cash Buyer Negotiations, and Held Hostage at a Car Dealership, No Haggle One Price Car Dealerships, How Much do Used Car Dealers Pay for Cars?

The Homework Guy Team provides car buying consumers with information, automotive news and updates, industry outlook, buying and selling advice, and other help to level the tables. The public face of THG is Kevin Hunter and the master negotiator, Amazing Elizabeth. Tons of time and research goes into every show, with several projects always on the table, all with the goal of getting it exactly right. From Automotive News Updates to vehicle shopping advice and assistance, The Homework Guy Team is the best there is. 

Explore the newest Toyota trucks, cars, SUVs, hybrids and minivans. See photos, compare models, get tips, calculate payments, and more. Build & Price A New Toyota — Uncompromising Quality, Reliability, Comfort And Safety. Build Your New Toyota Now. Compare Models, Prices and Deals. Learn More And Find Your Toyota® Today. Options For Payment. Talk To Your Dealer. Explore the Latest Lineup. Here To Support You.
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When Will New Car Prices Drop?
According to Kelley Blue Book data, the average transaction price (ATP) for new cars was $47,401 in January. Cox Automotive analysts calculate a 3.5% drop year-over-year as downward price pressure favors car shoppers. Cox Automotive is the parent company of Kelley Blue Book.

“It is common to see lower transaction prices and sales in January, as December typically is a hot month for luxury vehicle sales,” said Erin Keating, executive analyst for Cox Automotive. “However, the year-over-year new-vehicle ATP decline of 3.5% is notable. Prices have been trending downward for roughly six months as automakers are sweetening deals to keep the sales flowing.”
Manufacturer incentives increased to an average of $2,702 in January. More on that in a bit.
Of note, average transaction prices remain $6,500 higher than in January 2021 as the realities of the COVID-19 pandemic seemed never-ending. At that time, average transaction prices for new vehicles were 16% lower at $40,857. Search used cars, research vehicle models, and compare cars, all online at carmax.com.
10 Factors to Consider When Buying a Used Car
Budget. Before you start looking for your dream car, set a clear budget to guide you through the rest of the process. ...
Vehicle History and Reputation. ...
Touch, See, Feel, Smell, Listen. ...
Pre-Purchase Inspection. ...
Lifestyle. ...
Financing. ...
Know Your Rights. ...
Warranty.
Carvana | Buy & Finance Used Cars Online | At Home Delivery
Carvana
https://www.carvana.com
Stay up to speed with your car's value. Get personalized insights on your car's value and track it over time with Carvana Value Tracker. 
Thinking about buying a car? Here’s what auto experts say you need to know. People spend a lot of money on their cars and trucks. In fact, about 16% of the average American’s total budget goes to transportation, including vehicle costs and fuel. That makes it the second-biggest expenditure after housing but before incidentals like food, education, and saving for retirement.

The scale of the expense can make shopping for a vehicle stressful – especially for younger, first-time buyers who tend to have less-established credit histories and lower savings.
And today’s market makes it even worse.

According to Kelley Blue Book, the average cost of a new vehicle (including cars, crossovers, vans, pickup trucks and SUVs) exceeded $47,000 at the end of 2021 – up more than 25% in just two years. Average used vehicle prices saw an even steeper rise, going up 42% from under $20,000 at the end of 2019 to over $28,000 two years later.