Automotive Industry:United States: Difference between revisions

Automotive Industry:United States (view source)

702 bytes added , 11 September 2023

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 ==== New ====
+* A new vehicle’s average transaction price (ATP) in August '''increased only 0.6% from July at an initial estimate of $48,451'''.<ref>https://www.coxautoinc.com/market-insights/auto-market-weekly-summary-09-11-23/</ref>
+* The average price lost further ground on the average MSRP, falling to 99.1%, the lowest level since May 2021.
+* '''The average price was up 0.1% from a year ago''', while the average MSRP increased 0.6% in August from July and was up 2.3% from a year ago.
+* Manufacturers’ '''average incentive spending increased 10.3% to $2,365''', up 113% from a year ago. Incentives as a percentage of average transaction price increased to 4.9%, the highest level since September 2021.
 == Inventory ==