Higher incentives, inventory drive demand as average price stays below MSRP.
Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
Incentives are up 40 percent so far this year, and the uptick is driving more consumers to pull the trigger a lot sooner than they expected, CNW Research reports.
Manufacturers offered an average of $4,162 in incentives per vehicle in February, while the average MSRP of vehicles sold this month rose 3.7 percent vs. last year.
Louisiana advertising firm banned by the state attorney general from pitching bogus sales events at N.C. car dealerships.
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