But most OEMs record low-volume sales, which means EV profitability remains a distant dream for nearly every automaker.
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Of 31 major brands tracked by Kelley Blue Book, only five recorded transaction prices in August lower than year-ago levels.
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The first-ever report sheds light on how well auto manufacturers offer vehicle owners access to their vehicle data.
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Commentary: The average price of a new vehicle in the U.S. is expected to break the $50,000 barrier in 2025, as automakers begin to pass along tariff costs and the market sells a larger share of higher-end vehicles.
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Data indicates tariffs may raise costs for some vehicle models, but automakers remain uncertain how the added expense could inflate consumer pricing.
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Commentary: No mainstream automaker will be immune to the pain, which will almost certainly be transferred to buyers through higher prices. The U.S. auto market already has an affordability problem.
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As the number of new vehicles increases and incentives rise, the auto industry is seeing the highest days’ supply in two years.
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Sales of rental car fleets plummeted last month, sending the year-to-date total to a break-even point.
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Increases in rental and government fleet sales offset another decline in commercial fleet sales.
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Supply chains have stabilized while market headwinds from high interest rates and high prices are muting sales.
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