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Consumer Price Index: Difference between revisions
→7. Car Prices
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* Wholesale used-vehicle prices decreased 3.0% in April from March<ref>https://www.coxautoinc.com/market-insights/april-2023-muvvi/</ref>. | * Wholesale used-vehicle prices decreased 3.0% in April from March<ref>https://www.coxautoinc.com/market-insights/april-2023-muvvi/</ref>. | ||
* The Manheim Used Vehicle Value Index down 4.4% from a year ago. | * The Manheim Used Vehicle Value Index down 4.4% from a year ago. | ||
* | * The average transaction price (ATP) of a new vehicle in April was flat, with April at $48,275. | ||
* The average price fell further below the average manufacturer’s suggested retail price (MSRP). The average price was up 3.7% from a year ago, while the average MSRP increased 0.2% in April from March and was up 5.9% year over year.<ref>https://www.coxautoinc.com/market-insights/auto-market-weekly-summary-may-8/</ref> | |||
== CPI During Recession == | == CPI During Recession == | ||