New-Vehicle Price Inflation Disappearing
Pandemic-induced ATPs receding as inventories, incentives ascend.
Pandemic-induced ATPs receding as inventories, incentives ascend.
June conditions balanced between high prices, interest rates and rising income and incentives.
June average price increase least since pandemic began, Cox says.
Higher incentives, inventory drive demand as average price stays below MSRP.
Robust demand and increased vehicle availability drive significant growth.
April average stays under MSRP for second month in a row.
Dealers report elevated prices, a lack of affordable vehicle models, and higher interest rates are pricing many consumers out of new cars.
Average vehicle transaction prices continue to soar, according to data released by Kelley Blue Book.
The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
J.D. Power and LMC Automotive report predicts average new vehicle transaction prices will hit a record $46,259 in August.
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