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Of 31 major brands tracked by Kelley Blue Book, only five recorded transaction prices in August lower than year-ago levels.
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Commentary: The average price of a new vehicle in the U.S. is expected to break the $50,000 barrier in 2025, as automakers begin to pass along tariff costs and the market sells a larger share of higher-end vehicles.
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Many imported luxury vehicles tangle with tariffs, and other premium brands reposition product portfolios for higher revenue.
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Ever since President Trump announced auto tariffs 47 days ago, the cost of new cars has been steadily climbing.
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ICRS 2025: How the industry manages market pressures and emerging trends will determine its pricing, profits, customer service — and future success.
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As April opened, the total supply of new vehicles on dealer lots across the U.S. was down 10%+ and counting with days' supply down to 10.
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Commentary/Analysis: Look for likely higher prices across the broader economy, with the auto market heading into uncharted territory — a rough road indeed.
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Analysis: Experts from Cox Automotive say in the near term, after a short surge in buying, vehicle sales will likely fall amid price increases, and OEMs may eliminate some models if tariffs persist.
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Electric vehicle sales also mark another record in Q3, thanks to higher incentives and more choices.
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The total U.S. supply of available unsold new vehicles opened May at 51% above a year ago, but volume is still down 26% from 2019 levels.
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