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Higher incentives, inventory drive demand as average price stays below MSRP.
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Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
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The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
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General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
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Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
Read More →Incentives are up 40 percent so far this year, and the uptick is driving more consumers to pull the trigger a lot sooner than they expected, CNW Research reports.
Read More →Manufacturers offered an average of $4,162 in incentives per vehicle in February, while the average MSRP of vehicles sold this month rose 3.7 percent vs. last year.
Read More →Louisiana advertising firm banned by the state attorney general from pitching bogus sales events at N.C. car dealerships.
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