US new car prices return to pre-pandemic numbers amid supply recovery

Temu and Shein have announced plans to raise prices in response to the tariffs

Elon Musk’s SpaceX, Anduril, and Palantir, PLTR, bid to build Trump's "Golden Dome" US missile defense system

Over 4 million Gen Zers are jobless—and experts blame colleges for ‘worthless degrees’ and a system of broken promises

The U.S. could risk default on its $36.6 trillion debt as early as August unless Congress raises the debt ceiling

Per BloombergThe prices of new cars in the US has seen a recovery to pre-pandemic numbers amid better market supply. This comes as supply-chain issues have been fixed, with carmakers increasing deals as annual new car sales increased to 15.6 million in June.This increase was a 2.6 million growth from its 13 million new car sales during the same period of 2022. Charlie Chesbrough, Cox senior analyst, gave a statement regarding the changes as Cox Automotive increased its full-year forecasts to 15 million.In March, its full-year forecasts sat at just 14.2 million.Chesbrough: “Pent-up demand from individuals and business that couldn’t find product last year is now being unleashed... Not only has supply returned to the market, but so has discounting.”In March, it was reported that Kelly Blue Book says that the average new car monthly payments almost doubled from 2019, reaching $777 during that time. During that time, it was reported that the monthly prices of used vehicles also increased an increase of up to $544.This came as new vehicle average prices increased by 30% since 2019 during the time of the report. During that time, it was reported that an average price for a new vehicle would cost buyers almost $50,000.See flow at unusualwhales.com/flow.Other News:Kelley Blue Book says average new car monthly payments almost doubled from 2019 to a record $777New vehicle average prices have jumped 30% since 2019 to almost $50,000Resources:Bloomberg