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While prices and supply stabilize somewhat, the overall supply is far below historical levels, said Charlie Chesbrough, Cox Automotive senior economist.
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According to data from Kelley Blue Book, the average transaction price (ATP) for a new vehicle surpassed the $48,000 mark in June, the highest ATP on record.
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Pricing has been released for the 2023 Subaru Impreza Sedan or 5-Door models, starting at $19,795 MSRP.
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The typical monthly payment hits a record of $712.
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As gas prices surged to record levels, inventory of imports, especially smaller, fuel-efficient models, including hybrids, was among the lowest in the industry at the end of May.
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The LEAF is refreshed for 2023, with updated exterior and interior design, standard technology, new aluminum-alloy wheels, and a streamlined model lineup.
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Learn about the impact industry consolidation is having on the fleet market in this video.
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The 2023-MY Crosstrek will feature a 2.5L, 182 hp engine standard on Sport and Limited vehicles, and deliver an EPA-estimated 35 MPG / 90 MPGe for its plug-in Hybrid model.
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The average price paid for a new vehicle in the U.S. last month was the second-highest on record, behind only December 2021, when average transaction prices reached $47,202.
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The trend continues to be much worse now than a year ago when prices were notably lower and incentives were higher.
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