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

Sep 7, 2024 · Average Transaction Prices (ATP) Incentives The country’s most affordable segment for new vehicles remains the subcompact car class with an ATP of $23,031 in July, 3.9% lower than in June and ...

CouponFollow Extension

9%
OFF

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

3 weeks from now

carscoops.com

4%
OFF

New-Vehicle Transaction Prices Trend Downward As Incentives …

3 weeks from now

ATLANTA, March 8, 2023 – The average transaction price (ATP) of a new vehicle in the United States declined in February 2023 to $48,763, a decrease of 1.4% ($705) from an upwardly …

coxautoinc.com

11%
OFF

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

3 weeks from now

Apr 15, 2024 · Higher Incentives Hold New-Vehicle Prices Down The average incentive spend from manufacturers increased 11% to $3,121, which was up 102% year over year. Reaching …

kbb.com

8%
OFF

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

3 weeks from now

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

$48
OFF

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

3 weeks from now

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 …

newsbreak.com

$48
OFF

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

3 weeks from now

New car transaction prices in the U.S. have dropped to an average of $48,000, marking a shift after a prolonged period of high prices. Incentives are also increasing, with automakers …

newsletterstation.com

$48
OFF

New Car Prices Decrease To $48k, Incentives Increase | Giga Gears

3 weeks from now

Sep 7, 2024 · Average new car transaction prices have dropped to k in the U.S., with incentives on the rise. Find out how this impacts car buyers in this article.

gigagears.com

$47870
OFF

Predictions For 2025: New Car Prices Fall As Incentives Rise

3 weeks from now

Nov 27, 2024 · Considering that the average transaction price for a new car was $47,870 in mid-2024, there’s a mismatch between what consumers ... MSRPs are unlikely to fall, but the …

caredge.com

7%
OFF

US New Vehicle Sales Rose 2.7% Last Year As Prices And Interest …

3 weeks from now

4 days ago · DETROIT (AP) — 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. Industry …

apnews.com

$48
OFF

Average New Car Cost $48k, But Buyers Only Want To Spend $35k

3 weeks from now

Sep 29, 2024 · Almost half of them have budgeted to spend no more than $35,000, which was the average price of a new car in 2018. Trouble is, while the cost of the average new car has …

carscoops.com

25%
OFF

Trump’s Tariff Plan Will Raise Prices Of Affordable Cars - WSJ

3 weeks from now

Dec 26, 2024 · The U.S. car industry has a “big case of anxiety” about the president-elect’s proposed 25% tariff on imports from Mexico and Canada.

wsj.com

$10
OFF

North Bergen Njtransit Park And Ride. : R/newjersey - Reddit

3 weeks from now

North Bergen is a gated park and ride, $10 includes parking for one car (max 24 hrs) and one round trip ticket to/from NYC (perforated down the middle). There is a discounted combo …

reddit.com

FAQs about Average New Car Transaction Prices Drop To $48k, Incentives Coupon?

Which vehicles have the most incentives in August?

On average, trucks and SUVs carried higher incentives last month than cars and vans. Compact SUVs, the market’s most popular segment by volume, had average incentives at 9.2% of ATP, with an average transaction price of $36,506 in August. ...

Are EV incentives slowing down?

On average, EV incentives last month were more than 80% higher than traditional ICE product. The average transaction price for an EV in August, at $56,575, was marginally higher than the revised July ATP of $56,435 but lower year over year by more than 1.2%, suggesting the EV price declines are slowing. ...

How are new vehicle prices changing?

Understanding how new vehicle prices are changing means breaking them down by category. The average new luxury vehicle, for example, cost $65,202 last month, effectively even with the February number. Prices for electric vehicles are headed up slightly, with an average price of $58,940 in March. It was $313 lower in February. ...

Why are automakers turning to incentives?

At the same time that new car sales are beginning to stagnate, automakers are turning to incentives to bring buyers in. The most recent numbers from Cox Automotive show that manufacturer incentive spend as a percentage of selling price is at the highest level since 2021. ...

Why were new-vehicle prices lower in August?

New-vehicle prices in August were lower year over year for the 11th straight month as price pressure continues to build. The average transaction price in August, at $47,870, was lower versus August 2023 by 1.7%, the largest year-over-year drop since January. ...

How much did a new car cost in March?

But, according to data from Kelley Blue Book, the average new-car buyer paid less than the sticker price in March. As KBB's Twitter account said, "Whew." 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. ...