New vehicles' average transaction price fell below the manufacturer's suggested retail price (MSRP) for the first time in 20 months, according to data published by automotive research company Kelley Blue Book.
a rise in first-quarter U.S. sales on improving shipments to dealers as vehicle inventories improve.
"Right now, in-market consumers are finding more inventory, more choice and dealers more willing to deal, at least with some brands," said Rebecca Rydzewski, auto-industry researcher at Kelley Blue Book's parent firm Cox Automotive. In March, the average price for a new non-luxury vehicle, which includes brands such as Chevrolet, Ford, Hyundai and Nissan, was $44,182, a decline of $505 compared with February, but buyers continued to pay above MSRP for luxury vehicles, according to the report.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New NASA Official Took Her Oath of Office on Carl Sagan’s ‘Pale Blue Dot’Dr. Makenzie Lystrup chose the iconic book, which was inspired by a 1990 photograph of Earth from space.
Read more »
Google Pixel 7a leak reveals a new light blue color optionThe latest Google Pixel 7a leak reveals a new sky blue color option for the unannounced budget phone launching later this year.
Read more »
The new Steve Jobs book is free to download now — here’s where to get it‘Make Something Wonderful’ — an intimate look at the Apple founder’s life in his own words — features speeches, interviews, photos and memorabilia
Read more »
You can read the new Steve Jobs book for free onlineThe Steve Jobs Archive releases free ebook collecting Jobs’ speeches and photos
Read more »
Prince Harry Allegedly Cursed at King Charles Over Money, New Book ClaimsIt was a tense phone call after which the father-son relationship has never recovered.
Read more »
Mauricio Umansky Discusses Rick Hilton Rift, How He Met Wife Kyle Richards in New BookThe Agency co-founder shares business advice and how he balances work and home life while talking 'The Dealmaker,' as his Netflix show 'Buying Beverly Hills' has been renewed for a second season.
Read more »