Name: Used car prices fall
Uploaded: 2023-01-23T05:35:35-0500
Duration: 101523
Description: Prices for used cars are dropping after they soared during the pandemic. The car shopping guide Edmunds reports the average price of a used car purchase in December was $29,533, down nearly $1,600 from the record high of $31,095 last April.

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Prices for used cars are dropping after they soared during the pandemic. The car shopping guide Edmunds reports the average price of a used car purchase in December was $29,533, down nearly $1,600 from the record high of $31,095 last April.

PROVE IT. >> IT CONTINUES TO BE A WET ONE OUT THERE. WELL, WELCOME BACK. HAVE YOU KNOW, DOES THIS USED CAR PRICES CONTINUE TO DROP? THIS COMES AFTER PRICES SOARED DURING THE PANDEMIC DUE TO INCREASED DEMAND AND LACK OF INVENTORY TONIGHT, AN ECONOMIST'S SHARES WHY WE'RE SEEING A DIP IN PRICES. >> IF YOU THINK PRICES ARE GOING DOWN OR USED VEHICLE, YOU'RE RIGHT. ACCORDING TO EDMUNDS, WHICH TRACKS VEHICLE INVENTORY, THE AVERAGE PRICE OF A USED CAR PURCHASE IN DECEMBER IS $29,533. THAT IS DOWN NEARLY 1600 FROM THE RECORD HIGH OF $31,095 IN APRIL OF 2022, WHAT'S GOING ON WITH THESE CAR PRICES? WHAT'S HAPPENING WITH THE CAR PRICES? >> DIVING INTO THE IT'S A RESPECT. THE REVERSE OF WHAT WE SAW A YEAR AGO. AND I WOULD POINT TO ABIDE BY THE CAR YEAR AGO. UNC ECONOMISTS, GERALD COHEN SAYS THERE IS MORE INVENTORY AND LESS DEMAND. >> AND HIGHER INTEREST RATES IS A BIG FACTOR. WHY THERE ARE MORE VEHICLES ON THE MARKET. >> DEMAND IS LOW BECAUSE THE HOT UP HIGHER INTEREST RATE AND YOU CAN AND HIGHER AND HIGHER CAR PRICES. AND, YOU KNOW, GENERAL INFLATION WEIGHING ON CONSUMERS. AND THEN AT THE SAME TIME SUPPLIES NOW THINK READ, AS YOU KNOW, KIND OF CHIP SHORTAGES HAVE ABATED. >> BUT WHAT THE POSSIBLE RECESSION LOOMING, COHEN SAYS USED CAR PRICES COULD CONTINUE TO DROP. YOU WILLING TO SAY, LOOK. >> IN THE CHALLENGING TIME. THAT'S WHEN THE GREATEST OPPORTUNITIES ARE AVAILABLE. >> OKAY. DEPENDING HOW YOU LOOK AT THIS WHOLE SITUATION, THERE IS SOME MORE GOOD NEWS. ANALYSTS SAY CONSUMERS ARE PAYING LESS. THEN STICKER PRICE FOR NEWER VEHICLES. WE WOULD

Julian Grace

Delaney Eyermann

Used car prices fall

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I'm meteorologist, Amy Wilmoth in the WRL severe weather center tracking a cold front that will move through the state throughout the day. Today, we'll have some light rain with this perhaps moderate rain at times, but most of you won't get a ton of rain. It's just going to be some light passing showers at four o'clock this afternoon, we'll still have some rain showing up on the radar scattered showers possible. Uh, basically anywhere aside from our northern counties, our northern counties should be dry at that point by 5 p.m. or so. The rain is south of the triangle impacting our southern counties during the evening. Commute, still some showers around in our southern counties at 7 p.m. But beyond that, the rain will start to move out and it will be dry overnight tonight. And we're back to sunshine as we head into tomorrow. Look at how much rain we could get. It's less than 1/10 of an inch of rain. So we're not going to get much out of this system, but at least it's something, it's our only rain chance in the next seven days. So we'll have some light rain moving through thanks to the cold front, temperatures will likely get into the low eighties in our southern counties where we'll have sunshine a little bit longer. 74 for the high in Raleigh and Durham, 75 in Roxboro, 73 for the high temperature in South Hill, Virginia. So temperatures running pretty close to normal throughout the day today. Good news. If you're headed to the Bulls game this evening at 635 it looks like the rain will be out of here. We have a 20% chance for rain, but the best chance will be in the southern part of the viewing area, 70 degrees, the expected temperature at 6 p.m. 68 by seven and in the mid six by 8 p.m. So maybe take the jacket or the sweater with you as temperatures fall into the sixties starting around seven o'clock or so. So we have passing showers today. Generally light rain a little breezy at times with the high of 74 tonight, we'll have mostly clear skies. We'll get down to 51 beautiful weather. Thursday, partly cloudy to mostly sunny with a high of 72. Pretty much the same thing on Friday. Temperatures will be in the low seventies for highs. We're up to 76 Saturday and then low eighties by Sunday, mid to upper eighties for high temperatures in the forecast for Monday and Tuesday of next week.

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Good evening. I'm Tis the cash with tonight's lottery drawings for Tuesday, April 23rd, 2024. Good luck at the Carolina pick 38 is our first winning number tonight, followed by six, third pick 35 and the pick three. Fireball number is eight. Joining me for tonight's drawing is our auditor from mcconnell and Jones L LP. Now it's time for the Carolina pick for checking tickets. Good luck. Six is first winning number tonight followed by zero, third pick 4, 1/4 winning number another zero. And our pick for fireball number is three. Let's turn now to the Carolina cash five. If no one matches all five numbers to win the jackpot tonight, tomorrow's top prize is an estimated $528,000. Good luck first winning cash five number 28 cash 5, 33. 3rd winning number 13. Our fourth cash five tonight, 25 and good luck. Our final winning number is 30. The North Carolina Education lottery has contributed over $10 billion to education. Thanks for your support and get the winning numbers every night right here on your exclusive station for the North Carolina Education lottery. Thanks for playing.

Evening Pick 3 Pick 4 and Cash 5

Tuesday and Friday Mega Millions Drawing.

>> ACROSS AMERICA WITH MEGA JACKPOTS, IT'S MEGA MILLIONS HALEM ERIC, I'M JOHN CROW TO SEIZE APRIL 23RD AND TONIGHT'S MEGA MILLIONS JACKPOT IS AN ESTIMATED ANNUITIZED 202 MILLION DOLLARS. >> TO WIN THAT JACKPOT, YOU MUST MATCH THESE 5 WHITE. PLUS THAT GOLD MEGA BALL. NOW AS YOU MAKE IT MAKE YOU A MILLIONAIRE TONIGHT. FIRST WINNING NUMBER TONIGHT IS A 43 FOLLOWED. MY 39. UP NEXT, WE HAVE 11 IN X NUMBER IS 17 IN YOUR FINAL WHITE BALL NUMBER FOR THIS TUESDAY EVENING IS 33 NOW FOR THE MEGA BALL NUMBER. THAT IS 14 AGAIN. TONIGHT'S WINNING NUMBERS ARE 43. 39, 11,

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