The average price of new cars remains above $ 40,000

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The average transaction price for a new vehicle in the United States reached $ 40,472 last month. The average sale price is actually down $ 608 between February and March, but remains $ 1,660 above March 2020.

Average transaction prices have increased for almost all makes of cars. The Volkswagen Group saw the largest increases, with prices rising 15.4% year-on-year. But only Tesla (down 7.1%), Mitsubishi (down 6.92%) and Nissan (down 3.49%) saw their customers pay less than they did a year ago. previously.

Buyers of minivans paid significantly more, with the average transaction price increasing 16.75% from the previous year. But it’s not just practical cars that have seen their prices rise. Average transaction prices for high performance cars are up 11.53%.

There was a bright spot for buyers: the price paid for the average electric vehicle fell 4.93%.

Kayla Reynolds, Industrial Intelligence Analyst at Cox Automotive (parent company of Kelley Blue Book), explains, “The electric vehicle (EV) category is a segment to watch as new affordable models keep coming and going. from year to year. price. “

Manufacturers are expected to introduce more than 100 new electric vehicle models by the end of 2021. While the first blockbuster electric vehicles tended to come from luxury manufacturers, many newer electric cars are competing in segments. more affordable markets, such as the Ford Mustang Mach. E and Volkswagen ID. 4. America’s best-selling electric vehicle remains Tesla’s Model 3. Its price fell 7% year-on-year.


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