The Prices of New and Used Cars in New Orleans

Used car prices in New Orleans continue to plummet. It’s been several straight months of dropping as the economy of the city surges. This could be bad news for new car buyers, as auto makers are forced to offer lower lease prices and raise the costs of new vehicles.

The price is not right

In simpler terms, if pre-owned cars are not in demand, car companies will lose money since they are forced to spend on promos that offer lower lease prices. To make up for the loss, they inevitably jack up the prices of brand new vehicles.