KBB reports the average transaction price for a new vehicle increased for the fourth straight month in September, falling $52 short of the all-time record. +
Wholesale values fell sharply in the third quarter, forcing Cox Automotive to dramatically revise its year-end forecast from a 2% gain to just 0.2%. +
Relaxed CAFE targets could make new vehicles more affordable as President Trump entertains Xi Jinping — and the prospect of Chinese factories on American soil. +
Cox’s latest survey finds concerns over affordability, inflation, interest rates and economic and political uncertainty are weighing on dealers’ minds. +
Kelley Blue Book’s latest report finds seasonal trends and underwhelming incentives pushed July’s average new vehicle transaction price to $49,855. +
“‘Mid’ is in,” say Kelley Blue Book analysts in their latest monthly report, which finds smaller SUVs contributing to a sub-$50,000 average transaction price. +
