TROY – Michelle Krebs, a senior analyst with Cox Automotive, joins MITech TV to update the latest car prices and news, including the impact of the United Auto Workers Union strike against the Detroit Three.

She talks about how used car prices are somewhat stable, but with potential buyers shying away from purchasing new vehicles with monthly payments around $700, many will instead buy used.

She discusses Electric Vehicles and, despite fits and starts, that prices are coming down to around $50,000 on average, just a couple thousand dollars more than the average internal combustion engine price average of $48,000.

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