New-Car Sales Robust in May
Higher incentives, inventory drive demand as average price stays below MSRP.
Higher incentives, inventory drive demand as average price stays below MSRP.
Research puts the average new-car price in February at $45,296, compared to the average MSRP of $41,637.
Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
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