New-Vehicle Prices Set Record in July 2022, as Inventory Improves Year-Over-Year and Luxury Share Remains Elevated

According to Kelley Blue Book, new-vehicle buyers remain in an “over sticker” market, paying above MSRP every month this year.
According to Kelley Blue Book, new-vehicle buyers remain in an “over sticker” market, paying above MSRP every month this year.
With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
Luxury vehicle share rose to 17.4% of total sales in April, up from 16.7% of total sales in March, helping push overall average transaction prices up.
The team at Kelley Blue Book has assembled two broad reports from the first quarter: One is a look across industry-wide U.S. sales in Q1, the other a narrow review of electrified vehicle sales in the U.S., the combined sales of hybrids, plug-in hybrids and EVs.
With low inventory and high demand, incentives dropped to a record low in March, averaging only 3.2% of the average transaction price.
Kelley Blue Book has pulled out 10 interesting takeaways from last year’s market performance – a final look at 2021.
For 2022, the Kelley Blue Book Best Buy Awards go to the best in categories that encompass nearly the entire range of vehicles that meet virtually all automotive needs.
An increased flow of semiconductor chips allowed the Detroit automaker to operate every plant this week.
While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by nearly 60%, according to an analysis by Kelley Blue Book.
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