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Automotive Industry:United States: Difference between revisions
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'''Used Car Index''' | '''Used Car Index''' | ||
[[File:Screenshot 2024-07- | [[File:Screenshot 2024-07-24 102420.png|alt=|center|thumb|835x835px|https://site.manheim.com/en/services/consulting/used-vehicle-value-index.html]] | ||
{| class="wikitable" | {| class="wikitable" | ||
! rowspan="2" |Date | ! rowspan="2" |Date | ||
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|3.3% | |3.3% | ||
|}'''New Car Avg Prices''' | |}'''New Car Avg Prices''' | ||
[[File:Screenshot 2024- | [[File:Screenshot 2024-07-24 102237.png|alt=|center|thumb|845x845px|https://www.coxautoinc.com/market-insights/april-2024-atp-report/]] | ||
[[File:Screenshot 2024-04-18 110755.png|center|thumb| | [[File:Screenshot 2024-04-18 110755.png|center|thumb|853x853px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]] | ||
=== June 2024 === | === June 2024 === | ||
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* | * In June, according to data released today by Kelley Blue Book, the average transaction price (ATP) for a new vehicle in the U.S. was $48,644. The June ATP was higher by $266 (0.6%) from the revised May ATP and lower by $307 (0.6%) compared to June 2023. In June, the new-vehicle ATP was lower year over year for the ninth straight month. <ref>https://www.coxautoinc.com/market-insights/june-2024-atp-report/</ref> | ||
* Incentives – measured as a percent of ATP – were lower in June than in May. The average new-vehicle incentive package, which includes discounts and rebates, fell to 6.4% of ATP ($3,102) last month, down from 6.7% in May but higher than one year ago when incentives were 4.2% of ATP ($2,036). | |||
* In June, 40% of vehicles transacted for below $40,000, and 26% transacted or between $30-and-$40,000. According to Kelley Blue Book estimates, among the top ten best-selling vehicles in June, half carried ATPs below $40,000 – the Toyota RAV4, Honda CR-V, Toyota Camry, Honda Civic and Chevrolet Trax. | |||
* In June, the average price paid for a new electric vehicle (EV) was $56,371, an increase of 0.9% compared to May. EV prices in June were lower by 2.5% versus June 2023. | |||
=== May 2024 === | === May 2024 === | ||