Tag: MSRP
31% of new vehicles were sold above MSRP last month
According to a recent study, the average price of a new car in February was $45,296 as opposed to the average manufacturer's suggested retail...
KBB reports new vehicle ATP trends decline as incentives rise
A new report from Kelly Blue Book reveals that new vehicle transaction prices decreased by 1.4% in February, while incentives rose 3% month-over-month.
The average...
MSRP price changes: Why they could be a ‘win-win’ for dealers...
Many industry analysts speculate that Tesla's recent price reductions on their vehicle lineup, signals the beginning of a price war with rival automakers. On...
KBB reports the ATP of new vehicles hit record highs in...
The average transaction price (ATP) of a new car in the u.s. reached a record high in December at $49,507, up 4.9% from the...
How are dealer markups affecting brand and dealership loyalty?
While inflation is widely in effect across the country, dealerships have continued to mark up vehicle prices beyond the recommended MSRPs. In May this...
Low inventory keeps pushing transaction prices well above MSRP
Car sales have fallen for several carmakers over the first quarter of 2022 including Ford and Stellantis compared to a year ago. Much of...
Customers pay over MSRP for most purchases in January, report finds
In a seller’s market, holding firm on price is expected. For four out of every five car buyers in January, the dealership where they...
Edmunds exec. Jessica Caldwell discusses end-of-year sales for 2021
Consumers are coming back into the showroom or looking through your inventory online this holiday season. So as we wrap up the year, we...
Bloomberg’s Kevin Tynan shares his auto industry predictions for 2022
Much has taken place throughout the past year in retail automotive; from record acquisitions to the continued 'chip-demic'. Throughout it all, dealers have remained...
Expect strong new and used car sales in 2022 due to...
Industry experts are predicting that dealer activity in the new year will be easily sustained courtesy of above-normal consumer demand for vehicles. The effects...
