New-Vehicle Ownership Costs Keep Going Up
AAA analysis shows big increase over last year, blames inflation, interest rates.
AAA analysis shows big increase over last year, blames inflation, interest rates.
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.
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