Average New Car Transaction Price Climbs Ever Higher In 2024

Dec 30, 2024  · The average cost of a new car in November rose to $48,724 – the highest recorded for 2024 and a 2.3% increase over the beginning of the year.That’s up $699 (or 1.5%) from the same month a year ...


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Average New Car Transaction Price Climbs Ever Higher In 2024

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Dec 30, 2024  · The average cost of a new car in November rose to $48,724 – the highest recorded for 2024 and a 2.3% increase over the beginning of the year.That’s up $699 (or 1.5%) from the same month a year ...

autoguide.com

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New Car Price Trends In 2024: Average Selling Prices Hold Steady

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Nov 5, 2024  · According to the most recent data from Cox Automotive, the average transaction price for new cars is $48,397. That’s down 3% from the peak of $49,929 in December 2022. …

caredge.com

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Kia’s Average Transaction Prices Jump $4K While Mercedes

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Dec 22, 2024  · The average transaction price for new vehicles in November 2024 rose to $48,724. Incentives averaged 8% of ATP, with 20 brands offering above-average discounts. …

carscoops.com

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As Cars Continue To Decline In Popularity, Price Tags For All New ...

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Nov 22, 2024  · Car prices: The average transaction price rose by 54% to $37,767 in 2024 compared with $24,517 in 2004. SUV prices : The average transaction price rose 44% to …

freep.com

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The Average New Vehicle Price Is $47,542 Now | American Cars …

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Nov 1, 2024  · The average price paid by car shoppers for a new vehicle was $47,542 in the third quarter of 2024, according to the latest report from Edmunds. That was down $324 from a …

americancarsandracing.com

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6 Car Models That Will Have Massive Price Increases In November …

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Oct 19, 2024  · A recent Cox Automotive report found that new vehicles prices have dipped by 0.4% from this time last year. In September 2024, the average transaction price of a new …

yahoo.com

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New Car Statistics 2025 - ConsumerAffairs

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Aug 16, 2024  · Whether buying with cash or via loan, 2024 is a costlier time to buy a new car than ever before. In 2023, the average price for a new car in 2023 was $47,000, a 32% gain from …

consumeraffairs.com

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Average New Car Price In 2024 - Under30ceo.com

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Nov 16, 2024  · Incentives for buyers have increased, offering up to 7% off average prices. Compact cars remain the most affordable, with averages around $25,000. Understanding the …

under30ceo.com

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US Vehicle Sales Rose 2.7% In 2024 And Bigger Price Discounts …

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3 days ago  · New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. ... with the biggest deals to be had …

apnews.com

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New-Vehicle Average Transaction Prices Drop To Lowest Level In …

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ATLANTA, April 15, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in March 2024 held mostly steady, according to an analysis by Kelley Blue Book, down 1% from the revised …

kbb.com

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New-Vehicle Average Transaction Prices Retreat For Second …

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Mar 11, 2024  · New-vehicle average transaction prices (ATP) in February 2024 declined from January and were lower year over year by 2.2%; new-vehicle ATPs are now down 5.4% from …

kbb.com

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New-Vehicle Average Transaction Prices Retreat For Second …

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Mar 11, 2024  · New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the …

yahoo.com

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Average New Car Price Actually Drops, But It's Still Over $48,000

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Apr 16, 2023  · The average transaction price (ATP) for a new vehicle also dropped in March, down to a still-high $48,008. Compared to February, though, it's down 1.1 percent. Go Ahead, …

caranddriver.com

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New-Vehicle Average Transaction Prices Retreat For Second …

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ATLANTA, March 11, 2024 – New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from …

coxautoinc.com

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Average New Car Transaction Prices Drop To $48k, Incentives

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Sep 7, 2024  · The ATP of a new vehicle in the U.S. fell slightly to $48,401 in July. Prices for new vehicles reached a peak of $49,929 in December 2022. The average earner can now pay off a …

carscoops.com

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Will Car Prices Come Down In 2024? Industry Experts Share Their …

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Jan 7, 2024  · New car prices are still the higher number, with AutoTrader reporting the average sitting at $67,817, a 19.4-per cent increase year-over-year, while the Canadian Black Book …

globalnews.ca

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U.S. Auto Sales Rise In 2024: What's In Store For 2025? - Nasdaq

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18 hours ago  · Looking ahead, the U.S. auto market is poised for further growth in 2025, with new-car sales projected to reach 16.3 million units, a 3% increase from 2024, according to …

nasdaq.com

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What Tariffs Mean For Car Prices: 'There's No Such Thing As A 100% ...

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Dec 21, 2024  · Tariffs might increase car production costs and that could mean higher sticker prices for shoppers in the long run.

cnbc.com

FAQs about Average New Car Transaction Price Climbs Ever Higher In 2024 Coupon?

How much does a new car cost in 2024?

The average new car price in the U.S. is about $48,401 as of July 2024. Prices have slightly decreased from the peak of $49,929 in December 2022. Luxury cars and full-size SUVs are the most expensive, often exceeding $100,000. Incentives for buyers have increased, offering up to 7% off average prices. ...

What happened to new vehicle transaction prices in February 2024?

New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP. The average transaction price of a new vehicle in the U.S. last month was $47,244, down 2.2% from February 2023 and down 5.4% from the market peak in December 2022. ...

How much does a new car cost in 2022?

According to the most recent data from Cox Automotive, the average transaction price for new cars is $48,397. That’s down 3% from the peak of $49,929 in December 2022. New car prices increased slightly from August but were lower 0.4% year-over-year. New car selling prices have held steady for the past year, as shown in the graph from KBB above. ...

When do car transaction prices peak?

Transaction prices in November, at $48,724, were at the highest point of 2024 and are up 2.3% since January. In any given year, vehicle transaction prices typically peak in December. ATPs reached an all-time high of $49,926 in December 2022. Last December, the Kelley Blue Book ATP estimate was $49,023, the highest ATP of 2023. ...

Why did new-vehicle prices rise in November?

New-vehicle prices in November were higher year over year for the second straight month, as vehicle costs reached $48,724. Incentive spending jumped to 8.0% of the average transaction price in November, an increase from 7.8% in October. Incentive spending has increased for five consecutive months as new-vehicle inventory builds. ...

How much does a van cost in 2024?

Vans: The average transaction price soared 95% to $51,475 in 2024, compared with $26,437 in 2004. ...

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