Hawaii’s state auto market contends with struggles wrapping up third quarter | News [Video]

HONOLULU (Island News) — New cars now cost on average, thousands more than before the pandemic and that’s in part led to a lag in sales.

“I’m kind of concerned about what’s going to happen to all the vehicles that’s non electric, looking into the future it’s going to be all electric,” said Honolulu’s Ian Hose on Thursday.

Struggles are ongoing for those hoping to buy car.

Others have expressed concern over the need for the types of tax incentives and tax credits available.

The Hawaii Auto Outlook recently reported, closing out the third quarter “New light vehicle registrations fell 4.8% during the first nine months of 2024 versus year earlier levels, the national retail market was up 2.2%.”

As concerns persist involving inflation and the economy what could it mean for future car purchases …