CoPilot's Car Price Trends — July 2022

CoPilot The dynamics of the last couple years has caused new and used car prices to SPIKE to unprecedented levels . This has been a major component in driving up inflation . Not only that , but it's also created a BUBBLE IN CAR PRICING . New car prices are up due to huge demand from the STIMULUS . CAR PRICE TRENDS JULY 2022 UNPACKING THE CAR MARKET The CHIP SHORTAGE made it hard to keep up with that demand . 2 1 Should I buy now or wait ? / $ The result of that has been ... • Over 80 % of Americans are paying sticker or higher for new cars . Near new cars have been trading at record prices : 1-3 year old cars are usually 71 % of MSRP but early this year they got to 98 % . • Consumers are getting frustrated paying new car prices for 3 yr old cars ; this has led to a 12 % decrease in used car sales so far in 2022. This has started to put downward pressure on used car prices . Net net , we have a bubble in these prices for all those reasons , and that bubble is going to start deflating in the coming months . • Continued new car inventory shortages have buoyed the prices for 1-3 year old cars but as new car supply builds back up later this year , it will put downward pressure on those prices . This will accelerate with increasing interest rates increasing car payments materially . IMPLICATIONS • 4-7 yr old cars are already seeing downward pressure on prices as has the older used car market ( 8-15 yr old cars ) 9 % OVERALL INFLATION 3 PRICEPULSE HOW COPILOT HELPS YOU So , we created PricePulse and Hidden Profit Calculator to be the tools to answer the most pressing questions for consumers : copilotsearch.com/pricepulse CAR PRICES Buying a used car right now is a lot like buying a tech stock at a high . 42-52 % Status quo world tells you where prices are vs last month or year , but not where they are vs a return to normal or a new normal . ( C SSSSS Download on the App Store The Ukraine war and COVID shutdown impacted other parts of the SUPPLY CHAIN so there's almost no new car supply . © CoPilot Corporation 2022 www.copilotsearch.com GET IT ON Google Play copilotsearch.com/hiddenprofit ONLY COPILOT HAS THE DATA TO ENABLE THIS . And unlike other car shopping Apps , we are not afraid to tell you if your best bet is to WAIT TO BUY . HIDDEN PROFIT CALCULATOR How much can I get for my current car ? O