For the second month in a row, average transaction prices undercut manufacturer's suggested retail prices, reversing a prior 20-month trend.
EV sales jumped by 68% year over year in Q, and for the first time, EV sales in the U.S. nearly equaled hybrid sales.
The typical monthly payment hits a record of $712.
The average price paid for a new vehicle in the U.S. last month was the second-highest on record, behind only December 2021, when average transaction prices reached $47,202.
Electric vehicles and hybrids are becoming a coveted commodity as consumers turn practical about operating costs.
The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
Shopper interest in electric vehicles has increased to 66% since January, when gas prices started to rise.
A survey projects and details what electric cars and trucks major companies are seeking for their future transportation needs.
Available inventory is still down 62% behind the same period in 2020. The days' supply as of December remained 48% below Dec. 2020.
December 2021 numbers show the accumulating effects of supply chain shortages, price inflation, and static media incomes.
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