Car Dealer Inventory Is Almost Back to Pre-Pandemic Levels

Due to a lack of inventory caused by supply chain issues over the last several years, dealers have been able to charge huge markups on new cars. It’s been great for them, but it’s also sucked for consumers. Even late last year, the average transaction price for a new car continued to creep closer to $50,000, and Toyota recently said it expects it to cross $50,000 this year. But as dealer inventory returns to normal, that may not actually happen.