"October 2023: Massive Price Drops, Prime Day Deals, and Rebates on Cars and Echo Auto"

Used car prices rose by 1% between August and September, while new car prices dropped $60 over the past month. The United Auto Workers (UAW) strike has not yet impacted new car prices, but changes are expected in October. Automakers built up a significant inventory of new cars in preparation for the strike, which has helped keep prices relatively stable. However, certain models like the Ford Bronco and Chevrolet Colorado may see price increases. The auto market is also dealing with higher interest rates on car loans, reaching the highest level in over 20 years. Despite these challenges, there are still significant discounts available on new cars in October 2023, with models like the Ram 1500 Tradesman and Kia EV6 Light Electric offering discounts of over 14%.