Kia’s average transaction price increased by $4,000, while Mercedes’ average transaction price increased by $4,000
The average new car transaction price rose to $48,724 in November 2024. Rewards average 8% of ATP, with 20 brands offering above-average discounts. Prices of luxury cars fell by 25.1%, and prices of small cars fell by 11.1%. If you thought car prices would eventually come down from their Everest-level anoxic highs, you'd be half right, but also wrong. The average transaction price (ATP) of a new car in the United States has risen steadily this year, rising 1.5%, or $699, from November 2023 to currently $48,724. Read: Average new car sales price is $48,000, but buyers only want to spend $35,000 While this figure is down from the previous record of $49,926 in December 2022, it is still the highest recorded so far this year. Some brands are riding the wave of modest increases, but others, including Mercedes-Benz, are watching their prices drop faster than a novice skater. Luxury and traditional brands fell sharply In November last year, the…
The average new car sells for $48,000, but buyers just want to spend money
Almost half of new car buyers expect to spend $35,000 or less, while a similar number say they will work overtime to afford a new car go through Chris Chilton September 29, 2024 11:00 A new study highlights the gap between the cost of a new car and the price buyers can expect to pay. Edmunds found that 48% of buyers want to spend less than $35,000, but the average price of a new car is $48,000. More than half of those surveyed said they would work more hours or get a second job to afford a car. Car buyers returning to dealerships for the first time since before the pandemic were hit hard. Nearly half of those budgets cost less than $35,000, which was the average price of a new car in 2018. The problem is, while the average cost of a new car has dropped over the past 24 months, it's still a whopping $47,716. researcher edmonds Revealing…
Average new car transaction price drops to $48,000, with incentives
Now might be the best time to buy a new car in the U.S. in the last three years go through Brad Anderson September 7, 2024 17:22 The average selling price (ATP) of new cars in the United States fell slightly to $48,401 in July. In December 2022, new car prices peaked at $49,929. Today, the average earner can pay off a new car loan in about 37 weeks. The average transaction price (ATP) for new vehicles in the U.S. has soared from about $32,000 to nearly $50,000 over the past decade, but fortunately consumers have received a little relief in recent months. The average U.S. new car sold for $48,401 in July, according to Kelley Blue Book. That's down slightly from $48,424 in June and $106 lower than last July. They're also down 3.1% from the peak of $49,929 set in December 2022. Read: Car insurance prices could rise another 22% this year This is good news for car…
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