Skip to Content

Edmunds: Vehicle prices remain high this Labor Day weekend

<i></i><br/>
KMIZ

By RONALD MONTOYA
Edmunds

If this were a normal year, Labor Day would traditionally kick off the start of end-of-model-year vehicle clearance sales. Consumers can often find good deals as dealerships are eager to sell their remaining inventory to make room for next year’s models. But this hasn’t been a normal year in the car business. Most automakers could not build as many vehicles as planned because of a lack of semiconductor chips, which are essential components of a modern vehicle. New vehicle inventory is a third of where it would normally be at this time of year. As a result, car shoppers on Labor Day weekend will face higher prices and a limited selection whether they are shopping for new or used.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content