New Automotive Transaction Costs Hit Document Common Of $48,043 In June

The typical value for a brand new automobile within the U.S. has reached a document excessive and surpassed the $48,000 mark for the primary time, knowledge from Kelley Blue Ebook reveals.

In June 2022, the brand new automobile common transaction value (ATP) hit $48,043, beating the earlier excessive of $47,202 that was set in December 2021. Costs for June rose 1.9 per cent ($895) from Might 2022 and are 12.7 per cent ($5,410) greater than they have been in June 2021.

Contributing to the rise within the new automobile ATP are the upper costs being paid for luxurious autos. Kelley Blue Ebook’s evaluation reveals that in June 2022, the common luxurious purchaser paid $66,476 for a brand new automobile, an increase of $1,097 month over month and the best ATP ever for a luxurious automobile. Moreover, the variety of luxurious autos being bought has hit a brand new excessive, accounting for 18 per cent of complete gross sales, up 17.3 per cent from Might.

Learn Additionally: Research Exhibits That Regardless of Excessive Costs, New And Used Automobiles Are Promoting Quick

“Whereas costs for the trade are, on common, greater than MSRP, there are some non-luxury segments which can be extra reasonably priced reminiscent of compact automobiles and compact SUVs/crossovers,” analysis supervisor of financial and trade insights for Cox Automotive, Rebecca Rydzewski, mentioned. “These segments are promoting for greater than 30% lower than the trade common transaction value.”

The typical value paid for a brand new electrical automobile additionally continues to rise, leaping by 3.8 per cent from Might and 13.7 per cent from June 2021. The typical EV is now promoting for over $66,000 in the USA, whereas the common hybrid is promoting for a contact over $39,000, representing a $3,593 improve over Might and an $8,453 improve from a 12 months in the past.

However, new automobile ATPs have fallen barely in some segments. For instance, a full-size automobile is 0.2 per cent down from Might, whereas high-performance automobile costs fell by 4.2 per cent in June.

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