New Vehicle Transaction Prices Edge Higher
J.D. Power and LMC Automotive report predicts average new vehicle transaction prices will hit a record $46,259 in August.
J.D. Power and LMC Automotive report predicts average new vehicle transaction prices will hit a record $46,259 in August.
Consumers seeking lower prices on dealership lots must wait until 2023, reported auto-industry leaders at the New York International Auto Show.
The Ukraine invasion has ramped up the price of metals used in vehicles and OEMs likely will pass these costs on to consumers.
Record high used car prices will deflate. The question is how fast the bubble will burst.
The average price of a new car hit $45,000 in September and reached $25,000 for the average used car, according to Kelley Blue Book.
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