
Ever since President Trump announced auto tariffs 47 days ago, the cost of new cars has been steadily climbing.
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The legendary automotive expert helped develop the remarketing industry's leading resource on valuing and pricing used vehicles for the retail market.
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Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
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Compared to the start of the year, transaction prices for new vehicles are down 1.7%, or $865, the largest January to June tumble in the past decade.
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The average price for a new vehicle in March fell below sticker for the first time in 20 months, according to KBB.
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Average transaction prices are still $310 over average MSRP, though that’s down from the $900 above sticker for January 2022, according to Kelley Blue Book.
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According to Kelley Blue Book, the growing electrified vehicle segment far outpaces the rest of the industry in Q3 2022, with record sales in the U.S. market.
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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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This year, Ford and Toyota pickup trucks were awarded top honors in their respective categories.
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For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
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