High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
The team at Kelley Blue Book has assembled two broad reports from the first quarter: One is a look across industry-wide U.S. sales in Q1, the other a narrow review of electrified vehicle sales in the U.S., the combined sales of hybrids, plug-in hybrids and EVs.
Kelley Blue Book has pulled out 10 interesting takeaways from last year’s market performance – a final look at 2021.
For 2022, the Kelley Blue Book Best Buy Awards go to the best in categories that encompass nearly the entire range of vehicles that meet virtually all automotive needs.
An increased flow of semiconductor chips allowed the Detroit automaker to operate every plant this week.
While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by nearly 60%, according to an analysis by Kelley Blue Book.
At $43,355, the average new-vehicle transaction price hit a record high in August 2021 for the fifth consecutive month, according to Kelley Blue Book.
Inventory-constrained Toyota held on to the top spot for shopping consideration, but Ford narrowed the gap in the second quarter despite its own supply challenges.
The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book.
Volkswagen strength driven by best-selling models; Tesla falls on price declines for its most expensive vehicles.
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