New car prices may finally start declining in the coming months — but don't expect to pay much less on a monthly basis due to higher interest rates.
"To our clients who refused to pay above sticker for a new car, your patience is about to pay off," wrote Morgan Stanley chief auto analyst Adam Jonas in a note to clients on Monday. Thanks to stalling sales and a 17-month high in vehicle supplies, "deflation" may finally be arriving for new car prices, Jonas said.
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