Economic Report: New auto prices no longer going up as sales level off

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The cost of buying a new car might fall in 2016 for the first time since 2009.

Prices of new autos haven’t risen since February, another sign carmakers may fall short of matching record sales in 2015.

New auto prices were unchanged in August and are down 0.1% in the last 12 months.

New auto prices have increased every year since 2009, when an industry rebound began as the U.S. exited the Great Recession. Last year a record 17.5 million new vehicles were sold.

Yet sales through August have risen at a 17 million annual rate, perhaps indicating that auto purchases are ready to level off.

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