The average transaction price of a new vehicle sold in the U.S. last month was $48,451, just $42 higher than in August 2022
notes that the ATP for a non-luxury vehicle in August was $44,827. This is a $169 fall from July and just a 0.7% increase from August 2022. The ATP of compact cars, subcompact cars, and subcompact SUVs were all sitting below $30,000 last month. Not only have ATPs of non-luxury cars remained relatively steady but the ATPs of luxury vehicles are actually down 3.3% year over year to $64,107.are the aggressive pricing cuts that Tesla made at the start of the year. In fact, Tesla ATPs are down 19.
“After a tumultuous last few years in the automotive marketplace, now we are seeing new-vehicle pricing trends hold steady,” Cox Automotive research manager Rebecca Rydzewski said. “and automakers are feeling price pressure, and with high auto loan rates and growing inventory levels, new-vehicle prices seem to have hit a ceiling, at least for now.
The prices of new EVs also continue to fall in the U.S. with the ATPs plummeting from over $65,000 last year to $53,376 in August. Again, this is thanks in no small part to Tesla and its price reductions.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SLO County gas prices nearing $6 a gallon, find lowest pricesBy KAREN VELIE With some of California’s refinery going offline, the average price for a gallon of gas in San Luis Obispo County increased 22 cents during the past week to $5.86, according to…
Read more »
The auto workers strike will drive up car prices, but not right away -- unless consumers panicIf the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit.
Read more »
As prices fall, two thirds of global car sales could be EVs by 2030, study predictsWith battery prices dropping, EVs could hit price parity with could hit price parity with fossil-fuel cars in Europe in 2024 and the U.S. market in 2026.
Read more »
The auto workers strike will drive up car prices, but not right away -- unless consumers panicIf the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit.
Read more »
The auto workers strike will drive up car prices, but not right away -- unless consumers panicIf the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit.
Read more »