Get all your news in one place.
100's of premium titles.
One app.
Start reading
ABC News
ABC News
Business
business reporter Daniel Ziffer

Car prices are still set to accelerate in 2023, but then likely to shift into cruise control, industry expert says

Steve Allen has been selling cars for 25 years, but now he's an economic forecaster — that's because the gently falling prices of used cars are the first substantial sign of deflation in the economy.

"So there is an excitement about that, and it certainly makes our job easier because these cars become more attractive for people to buy," said the manager of prestige vehicle trading at auction house Pickles.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.