New Car Price Trends in 2024: Average Selling Prices Hold Steady
Nov 5, 2024 · According to the most recent data from Cox Automotive, the average transaction price for new cars is $48,397. That’s down 3% from the peak of $49,929 in December 2022. New car prices increased slightly from August but were lower 0.4% year-over-year. New car selling prices have held steady for the past year, as shown in the graph from KBB above.
When Will New Car Prices Drop? - Kelley Blue Book
Nov 14, 2024 · New vehicle price inflation all but disappeared by the end of last year. Still, car prices have increased dramatically in the past three years. Read on for guidance if you want to purchase...
2025 Trends: Car Prices Remain Stubbornly High in New Year and ...
3 days ago · 2025 Trends: Car Prices Remain Stubbornly High in New Year and Potential Tariffs Could Add Pressure, But Shoppers May Find Silver Lining in New Affordable Inventory, According to Cars.com
Four Market Trends to Track if You’re Thinking About Buying a Car …
2 days ago · Market trends have lately been shifting in drivers’ favor, according to Cox Automotive, a software firm serving the auto industry, and that momentum is expected to carry into next year.
Predictions For 2025: New Car Prices Fall As Incentives Rise
Nov 27, 2024 · CarEdge’s Ray Shefska forecasts a gradual 3-5% drop in new car prices by late 2025 as automakers ramp up incentives to move inventory in the face of consumer pushback.
2025 Trends: Car Prices Remain Stubbornly High in New Year and ...
3 days ago · The average new-vehicle price has leveled off at $49,000, slightly below its June 2023 peak of $50,300, a small but encouraging shift since prices began accelerating in spring 2021 from a $37,000 ...
The Average New Car Price Is Unbelievably High - Financial …
Jun 4, 2024 · According to Kelley Blue Book and the Bureau Of Labor Statistics, the average new car price at the beginning of 2023 is $49,388! That is an absurd amount of money to be spent on a car. Thankfully, according to recent data from Cox Automotive, the average transaction price for new cars in 2024 is $48,759.
2025 Trends: Car Prices Remain Stubbornly High in New Year and ...
3 days ago · Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company powering automotive, today released its 2025 Automotive Trends. The industry is entering the new year ...
Price Trends for New and Used Cars - Texas A&M University
Feb 20, 2024 · From December 2020 to December 2021, car prices soared, spiking far higher than the already-high level of CPI inflation. New car prices increased by 11.7% and used cars increased by 37.2%. Meanwhile, overall inflation during the same time span was 7.1%. So car prices rose much faster than the overall increase in prices.
New-Vehicle Average Transaction Prices Drop to Lowest Level in …
Apr 15, 2024 · Last month, the average transaction price of a new vehicle in the U.S. was $47,218, down 1% from March 2023 and down 5.4% from the market peak in December 2022. Still, new-vehicle prices in...