Market Insights – Cox Automotive Inc.

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

ATP average transaction price new-vehicle prices Market Insights Data Point

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

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

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

ATP average transaction price new-vehicle prices Market Insights Data Point

New-Vehicle Inventory Hits Two-Year High in May, Average Listing Price Dips 06/15/2023 Revised, July 13, 2023 – New-vehicle inventory in May reached its highest level in two years, according to Cox Automotive’s analysis of vAuto Available Inventory data, with a notable increase from the previous month. Days of supply increased due to a slight weakening in sales toward month-end. Despite a decline in the average listing price, it remained above $47,000. 1.96M Total Inventoryas of May 29, 2023… Read Article

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New-Vehicle Sales Incentives Continue to Climb in May, as Transaction Price Increases Moderate, According to Kelley Blue Book 06/12/2023 ATLANTA, June 12, 2023 – The average price Americans paid for a new vehicle in May remained below the manufacturer’s suggested retail price (MSRP) for the fifth consecutive month, according to data released today by Kelley Blue Book, a Cox Automotive company. The average transaction price (ATP) of a new vehicle in the U.S. increased in May 2023 to $48,528, a month-over-month increase of 0.5% ($251)… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

New-Vehicle Inventory Increases Again in April, Supporting Stronger Sales 05/11/2023 Updated, June 15, 2023 – New-vehicle inventory closed April up from a month earlier to its highest level in two years, supporting surprisingly brisk sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. Meanwhile, days of supply dipped on higher sales. The average listing price of a new vehicle returned to above $47,000 in April. 1.90M Total Inventoryas of April 24, 2023 54 Days'… Read Article

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

New-Vehicle Transaction Prices Decline as Automaker Incentives Hit Highest Point in a Year, According to Kelley Blue Book 05/09/2023 ATLANTA, May 9, 2023 – The average price Americans paid for a new vehicle in April remained below the manufacturer’s suggested retail price (MSRP) for the second consecutive month, according to data released today by Kelley Blue Book, a Cox Automotive company. The average transaction price (ATP) of a new vehicle in the U.S. remained relatively flat in April 2023 at $48,275, a month-over-month decrease of… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point