New-Car Sales Robust in May
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Higher incentives, inventory drive demand as average price stays below MSRP.
Higher incentives, inventory drive demand as average price stays below MSRP.
Research puts the average new-car price in February at $45,296, compared to the average MSRP of $41,637.
Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
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