Ever since President Trump announced auto tariffs 47 days ago, the cost of new cars has been steadily climbing.
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Electric vehicle sales also mark another record in Q3, thanks to higher incentives and more choices.
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The legendary automotive expert helped develop the remarketing industry's leading resource on valuing and pricing used vehicles for the retail market.
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Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
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Upside provides a way to generate profits in wholesale or retail, so they can take in more trades and close more retail deals, and is a way to link buyers and sellers nationwide.
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Compared to the start of the year, transaction prices for new vehicles are down 1.7%, or $865, the largest January to June tumble in the past decade.
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The average price for a new vehicle in March fell below sticker for the first time in 20 months, according to KBB.
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A number of factors could be making hybrids more popular, including higher prices of EVs, range anxiety fears, and limited charging infrastructure.
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For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
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The valuation analysts at Kelley Blue Book reported the estimated average transaction price for a light vehicle in the United States was $38,393 in November.
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