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Manufacturers respond to market conditions, and Tesla price cuts bring down luxury ATPs.
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AAA analysis shows big increase over last year, blames inflation, interest rates.
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Pandemic-induced ATPs receding as inventories, incentives ascend.
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June conditions balanced between high prices, interest rates and rising income and incentives.
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June average price increase least since pandemic began, Cox says.
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Higher incentives, inventory drive demand as average price stays below MSRP.
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Robust demand and increased vehicle availability drive significant growth.
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Consumer income increases, lower new-vehicle prices and higher incentives increased affordability, found the Cox Automotive/Moody's index.
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