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.
Consumer income increases, lower new-vehicle prices and higher incentives increased affordability, found the Cox Automotive/Moody's index.
April average stays under MSRP for second month in a row.
Research puts the average new-car price in February at $45,296, compared to the average MSRP of $41,637.
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.
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