Will Car Prices Drop in 2023?

Will Car Prices Drop in 2023?

Or will car buyers be in for another year of sky-high vehicle prices? Car manufacturers have been grappling with microchip shortages since the early stages of the pandemic. Furthermore, due to chip shortages, manufacturers are prioritizing their most expensive vehicles, thereby forcing some consumers to buy higher-end cars instead of the more moderate-level vehicles they might otherwise be content with.