MENU
SEARCHSettle in a normal January decline after particularly hot December sales.
The seasonal 2% month-over-month decline in the average transaction price to $48,641 followed December's near-record ATP.
Pexels/Sarmad Mughal
New-vehicle prices fell from December but were up year-over-year, according to a Cox Automotive estimate.
The seasonal 2% month-over-month decline in the average transaction price to $48,641 was a welcome dip, as December’s nearly $50,000 ATP approached the record.
But it reflected the normal January drop from more elevated December luxury vehicle sales and was more than 1% above the year-earlier ATP, said Cox, which also pointed to about a 1% decline in incentives.
The $3,486 average incentive package was still 29% above a year earlier at 7% of ATP.
Luxury brand sales fell dramatically in January from the December highs, some by over half, pushing down the ATP, Cox said. Overall sales also dipped 25% from December.
After the brisk December sales, January started off with new-vehicle inventory under three million units for the first time since October, Cox said.
GM says it sells the cheapest electric vehicle in the U.S. market. It explains how it made improvements to the entry-level EV while keeping its price down.
Read More →
More Americans are open to made-in-China than one might think, especially the youngest, though general awareness here of its growing brands is limited.
Read More →
The overall cars segment was about flat last week, similar to the rest of the wholesale market.
Read More →
Study finds that adopters are true believers and that their satisfaction with the vehicles is growing, including for public charger experience, despite pullback of federal incentives.
Read More →
Electric-vehicle inventory dropped in December, according to S&P Global, but the hybrid market saw about a 19% year-over-year increase in supply despite being down from November.
Read More →
Subaru addition to its sole U.S. plant mirrors the automotive industry’s emphasis on the gas-alternative powertrain after recent setbacks for pure EVs.
Read More →
The year starts with declined expectations for economic conditions and plans to make big purchases. Used cars, though, are among the top big-ticket categories under consideration.
Read More →
The Honda Civic is named the most reliable new car for the money at $27,768 with a predicted 13½ year life span, breaking down to $2,058 annually, or less than half the industry average.
Read More →
A major vehicle research group points out less expensive models that earned high marks for protection, saying the cost is well worth the safety.
Read More →
Could it be an early spring when it comes to used-vehicle sales? Black Book analysts think so based on recent weeks' auction activity.
Read More →
