new-vehicle prices Archives

Average New-Vehicle Prices Down 1.4% Year Over Year in October, as Healthy Inventories Help Buyers 11/13/2023 ATLANTA, Nov. 13, 2023 – In October, with a UAW strike underway but new-vehicle inventories on the rise, the average price paid for a new vehicle in the U.S. was $47,936, less than 1% more than the month earlier (revised to $47,797), according to Kelley Blue Book, a Cox Automotive company. Compared to one year ago, when incentives were near historic lows, average new-vehicle transaction prices in October… Read Article

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New-Vehicle Inventory Rose Through October Despite UAW Strike 11/09/2023 Despite UAW strikes at several plants throughout the month, new-vehicle inventory at the start of November was even higher than in early October, according to Cox Automotive’s analysis of vAuto Available Inventory data. The UAW and Detroit automakers have reached tentative contracts and settled the strike. Workers are back on the job as they vote on new contracts. 2.40M Total Inventoryas of Nov. 6, 2023 67… Read Article

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New-Vehicle Transaction Prices Decline Further in September, Led by Price Cuts at Tesla, According to Kelley Blue Book Report 10/11/2023 ATLANTA, Oct. 11, 2023 – The average price Americans paid for a new vehicle in September 2023 was down 3.4% from the start of the year, as higher inventory levels and increased incentives continued to put downward pressure on pricing. The average transaction price of a new vehicle in September was $47,899, down $360 from one year ago (0.7%), according to Kelley Blue Book, a Cox Automotive company.… Read Article

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New-Vehicle Inventory Rises Despite UAW Strike; GM Most Vulnerable 10/05/2023 Updated, Nov. 10, 2023 – Despite a UAW strike against Detroit’s three automakers and brisk sales, October opened with the highest new-vehicle inventory since early spring 2021, according to Cox Automotive’s analysis of vAuto Available Inventory data. But the strike has left GM with 60 days’ supply at the start of October and the most vulnerable with short supplies of big profit-generating Chevrolet and Cadillac models.… Read Article

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New-Vehicle Prices Virtually Flat Year Over Year in August Due to Declining Electric Vehicle Prices, Tesla Price Cuts, According to Kelley Blue Book 09/12/2023 ATLANTA, Sept. 12, 2023 – The average price Americans paid for a new vehicle in August 2023 was virtually flat compared to one year ago, as higher inventory levels and increased incentives held year-over-year price gains in check. The average transaction price of a new vehicle in August was $48,451, up only $42 from one year ago, according to Kelley Blue Book, a Cox Automotive company.… Read Article

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New-Vehicle Inventory Grows Ahead of Potential UAW Strike 09/07/2023 New-vehicle inventory, especially for most domestic brands, grew through August ahead of a potential strike by the UAW. The union’s contract with GM, Ford and Stellantis expires on Sept. 14. 2.06M Total Inventoryas of Sept. 4, 2023 58 Days' Supply $47,417 Average Listing Price Throughout August, the total U.S. supply of available unsold new vehicles climbed above 2 million units, a level not seen since April… Read Article

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New-Vehicle Inventory Down Slightly in July, While Production and Sales Remain Generally Balanced 08/10/2023 New-vehicle inventory at the end of July was mostly unchanged from the end of June, as production and sales remained generally balanced through the month, according to Cox Automotive’s analysis of vAuto Available Inventory data. 1.96M Total Inventoryas of July 31, 2023 56 Days' Supply $47,048 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.96 million units at the end… Read Article

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Kelley Blue Book Analysis: New-Vehicle Transaction Prices Up Less Than 1% Year Over Year, Smallest Increase in Decade 08/09/2023 Correction, Aug. 16, 2023 – ATLANTA, Aug. 9, 2023 – The average price Americans paid for a new vehicle in July 2023 was 0.4% higher than one year ago, the smallest year-over-year price increase in the last decade. According to Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) of a new vehicle in July was $48,334, a month-over-month decrease of 0.7% ($337)… Read Article

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New-Vehicle Inventory, Prices Stabilize; EV Supply Grows 07/13/2023 Updated, Aug. 10, 2023 – New-vehicle inventory and prices continued to stabilize in June while electric vehicle inventory climbed, closing the month with twice the days’ supply as new vehicles in total, according to Cox Automotive’s analysis of vAuto Available Inventory data. 1.98M Total Inventoryas of July 3, 2023 56 Days' Supply $47,162 Average Listing Price The total U.S. supply of available unsold new vehicles stood… Read Article

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Kelley Blue Book Analysis: New-Vehicle Transaction Prices in June Post Smallest Annual Gain in Nearly 4 Years 07/11/2023 ATLANTA, July 11, 2023 – The average price Americans paid for a new vehicle in June 2023 was 1.6% higher than one year ago, the smallest year-over-year price increase since the start of the global pandemic. According to Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) of a new vehicle in June was $48,808, a month-over-month increase of 0.3% ($150) from an… Read Article

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