Inflation unexpectedly fell to 3% in June

The consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. It marked the first monthly decline since May 2020.

Are consumers skipping car dealers and buying private?

With high prices and low supply, consumers are weighing private car purchases versus dealerships, with industry experts noting private buying's potential cost savings but increased effort and risks driving many back to dealerships for trust and convenience.