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New Vehicle Prices

New Vehicle Prices Break Record as Supply Rises

The average price for a new electric vehicle – over $66,000, according to Kelley Blue Book estimates – remains well above the industry average and more aligned with luxury prices versus mainstream prices.

OEMs Ignore Price Protection Amid Zero Discounts

The challenges center on OEMs looking to channel stock availability to more profitable retail and constantly increasing prices with no promise of price lock-in when the cars are delivered 12 months down the line.

New, Used Prices Retreat

While prices and supply stabilize somewhat, the overall supply is far below historical levels, said Charlie Chesbrough, Cox Automotive senior economist.

New Vehicle Prices Set Record in June

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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