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that's - 1 Kelley - 1 Kia Rio - 1 COVID - 1 That's - 1 Rebecca Rydzewski - 1
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☆ Only one car model sold for under $20,000 in July — but experts say vehicle prices are stabilizing
  + stars: | 2023-08-11 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
Even as prices improve, there was only one car model sold below $20,000 in July. Today, that's not the case, but experts say buyers might see some relief from sky-high car prices soon. The only car model that sold below $20,000 last month was the Mitsubishi Mirage, transacting for an average $19,205, according to Kelley Blue Book. Now, it's challenging to find a ride in the $20,000 price range even if a shopper is considering used. They hit $53,469 in July, down nearly 18% less from $65,108 one year ago, per Kelley Blue Book.
Persons: that's, Kelley, Kia Rio, COVID, That's, Rebecca Rydzewski Organizations: Mitsubishi Mirage, Toyota Corolla, Nissan, Cox Automotive
☆ Cars are selling below sticker price for the first time in years — and it's a sign car buying is finally getting better
  + stars: | 2023-04-13 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +3 min
March was the first time in months car buyers didn't shell out more than a vehicle was listed for. For comparison, just a year earlier, consumers were paying on average nearly $1,000 more than the sticker price for a new car. Exceptions include Honda and Kia vehicles, which continue to sell for between 3 and 6% over sticker price in the non-luxury market. In addition to the newfound difference in sticker price versus the price actually paid, new car prices have been trending downward overall for months now. March's average price paid is down from February's $48,558, January's $49,388, and December's $49,507.
☆ New vehicle prices fall below sticker price after nearly two years - Kelley Blue Book
  + stars: | 2023-04-12 | by ( ) www.reuters.com   time to read: +1 min
April 12 (Reuters) - New vehicles' average transaction price fell below the manufacturer's suggested retail price (MSRP) for the first time in 20 months, according to data published by automotive research company Kelley Blue Book. Vehicle prices turned hot after a pandemic-driven supply chain snag and an increased demand for private cars. The average transaction price of a new vehicle in the U.S. declined 1.1% in March to $48,008 from February's $48,558. However, March prices rose 3.8% compared to a year earlier. Top global automakers, except Toyota Motor Corp (7203.T), reported a rise in first-quarter U.S. sales on improving shipments to dealers as vehicle inventories improve.
☆ New vehicle prices fall below sticker price after nearly two years, Kelley Blue Book data shows
  + stars: | 2023-04-12 | by ( ) www.reuters.com   time to read: +1 min
April 12 (Reuters) - New vehicles' average transaction price fell below the manufacturer's suggested retail price (MSRP) for the first time in 20 months, according to data published by automotive research company Kelley Blue Book. Vehicle prices turned hot after a pandemic-driven supply chain snag and an increased demand for private cars. The average transaction price of a new vehicle in the U.S. declined 1.1% in March to $48,008 from February's $48,558. Top global automakers, except Toyota Motor Corp (7203.T), reported a rise in first-quarter U.S. sales on improving shipments to dealers as vehicle inventories improve. Reporting by Pratyush Thakur in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
☆ New car prices are finally coming down. But not by much
  + stars: | 2022-11-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +6 min
CNN —New car prices are finally coming down. Over the past few months, though, prices have fallen to only about $230 over MSRP, on average, according to Edmunds. Land Rover models, on average, still sell for $4,500 over sticker price while Kia models sell for about $1,600 over sticker price. For the past 17 months, though, according to Cox Automotive, vehicle inventory shortages have enabled car dealers to push prices above MSRP. Used car prices are also starting to come down a bit, something that could prod new car shoppers back into the market, said Drury.
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