In pre-pandemic years, Labor Day sales events offered generous discounts on new cars as dealerships aimed to clear out current-year models and start selling the next year’s versions. These days? Not so much. “Shoppers waiting for Labor Day sales events with substantial discounts on outgoing model-year vehicles will be frustrated by the lack of markdowns and choice of vehicles,” said Thomas King, president of the data and analytics division at J.D. Power, in the report. At least there is evidence used car prices are starting to soften.
https://www.cnbc.com/2022/09/01/car-shopping-over-labor-day-weekend-heres-what-you-can-expect.html