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Automotive Industry:United States: Difference between revisions
Automotive Industry:United States (view source)
Revision as of 16:24, 12 September 2023
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* 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><ref>https://www.coxautoinc.com/market-insights/kbb-atp-august-2023/</ref> | * A new vehicle’s average transaction price (ATP) in August '''increased only 0.6% from July at an initial estimate of $48,451'''. Transaction prices are now down 2.4%, or $1,212, from the start of the year, the largest decrease in the past decade.<ref>https://www.coxautoinc.com/market-insights/auto-market-weekly-summary-09-11-23/</ref><ref>https://www.coxautoinc.com/market-insights/kbb-atp-august-2023/</ref> | ||
* The average price lost further ground on the average MSRP, falling to 99.1%, the lowest level since May 2021. | * 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. | * '''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. | ||