Common New Automobile Costs Hit File Excessive – Remarketing

Graphic: Kelly Blue E-book / Cox Automotive

The estimated common transaction value (ATP) for a lightweight automobile in the US was $ 42,258 in June 2021, in line with analysts at Kelley Blue E-book. New automobile costs elevated $ 2,527 (up 6.4%) from June 2020, whereas growing $ 928 (up 2.2%) from Might 2021.

“Regardless of incentives and report inventories in June, final month featured traditionally increased common transaction costs, hitting a complete new report,” mentioned Kayla Reynolds, industrial intelligence analyst at Cox Automotive. “The affordability of recent automobiles continues to say no because the revenue required to buy a median new automobile continues to extend. In June, for the primary time in a decade, automobile patrons had been primarily paying the sticker value – the Producer’s Urged Retail Value (MSRP) – for brand spanking new automobiles.

The report ATP of $ 42,258 in June was 99.9% of the typical MSRP of $ 42,290. By comparability, in January of this yr ATP was 95.9% of MSRP; a yr in the past it was 95.4%, in line with Kelley Blue E-book.

All automakers besides Tesla1 posted year-over-year progress in common transaction costs in June, with Stellantis recording the second-largest improve (up 15.8%), simply behind Mitsubishi, which climbed 18.3%. Most fashions within the Stellantis lineup have seen a rise over the identical interval final yr. The Jeep Wrangler and RAM Pickup, two of the automaker’s best-selling fashions, noticed double-digit will increase from June 2020. Regardless of stock points, the RAM Pickup outperformed lots of its counterparts within the month final with a value improve of 13.8% in comparison with final yr.

Initially posted on Re-marketing of automobiles

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