At 32 miles per gallon, three vehicles offer the best fuel efficiency of any non-hybrid combustion engine in the market.
December 14, 2023 | Read Online | | | | Advertisement | | | Clark has predicted that car prices will moderate over a long period of time since the COVID-19 price spikes. Find out how strong his predictions are looking right now later in this email. | | 💵 Today’s Top Stories | | | At 32 miles per gallon, three vehicles offer the best fuel efficiency of any non-hybrid combustion engine in the market. Read more. |
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| | | A listener keeps having to buy new LED bulbs, which can sometimes last decades. What does Clark think the problem is? Read more. |
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| | | Is your iPhone storage always full? Read our story on how to free up space. Read more. |
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| | | Here are the factors that retirees should consider when evaluating credit cards whether you’re traveling the world or living on a small, fixed budget – and some of our favorite cards that fit the bill. Read more. |
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| | 🚘️ Car Price Normalization Is Real and It’s Spectacular | If you listen to Clark’s podcast or read Clark.com every week, you’ve noticed a monotone piece of advice from the money expert. | Want the best price on buying a vehicle and don’t need one immediately? Wait. | From the COVID-19 supply chain issues that dropped inventory well below demand to stubborn dealerships reacting slowly to free-market forces, Clark has predicted a steady but drowsy moderation. | That’s exactly what has happened – slowly at first, but in a much more real sense toward the end of 2023. (Now if only interest rates fall in ’24, right?) | Here are some numbers that illustrate how Clark’s long-held predictions are coming true (hat tip to Car Dealership Guy): | The average retail price for vehicles fell more than 4% from December 2022 to November 2023. Incentive spending per vehicle more than doubled during that same time period (now $2,247 on average). The average loan amount for all vehicles fell $1,359 year over year. Gross profits per vehicle have fallen for six consecutive quarters for publicly traded auto retailers. Here’s a look at the vehicles that have fallen the most in price since August. | | | 📊 Stat of the Day | 🍎 45%: Apple’s share of the smartwatch market in Q3 of 2023. Apple widened its advantage over No. 2 Samsung, which fell from 24% to 18% market share in the last year. Huawei smartwatches saw a 122% surge thanks to popularity in China and have reached 14% market share. |
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| | 💰️ Deal Alert: Today’s Top Deals | | | | | 🎙️ Podcast | | Full Show: Most Expensive Cities for Homes and Drive Thru Fancy Restaurants |
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| It is so expensive to buy a home, especially for first-time home buyers. Clark talks through the most expensive metro areas and gives some advice if you’re in the market right now. Also, many fancy restaurants are doing serious take-out business. Clark shares some examples and tips to save when eating out. | | | ☎️ Need Money Help? | The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. | | Advertisement | | | | | |
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