new car average transaction price hits record high in march
Last Updated : GMT 06:27:21
Arab Today, arab today
Arab Today, arab today

New car average transaction price hits record high in March

Arab Today, arab today

Arab Today, arab today New car average transaction price hits record high in March

Washington - Arabstoday

It may sound counter-intuitive to think that with an down economy, including sales volume still at least a few million vehicles away from peaks last decade, that the average price of new cars is on the rise. But it is. New analysis of sales data from last month by TrueCar showed an average sales price of $30,748, which marks a substantial 6.9 percent climb from just a year ago. So what exactly is behind the climb in new car pricing? With the small car segments booming one would logically think average transaction prices would be smaller as well, but not so. The answer lies in the fact that consumers are ticking option boxes like never before, with the average new car being close to “fully loaded.” It is from those options that profits. To give an example of how much those options have changed things, Ford’s president of the Americas, Mark Fields, told investors that the automaker is selling the Focus for an average of $3,100 more per car than the previous model year, which comes out to just shy of a 20 percent increase. Aside from options, the other huge factor driving up transaction prices is the reduction of incentives that were significantly cutting into manufacturer profits and average transaction prices. This has been made possible by automakers, especially the Domestic Three, changing their business model to rely more on forecasting and producing vehicles at proper volumes and sticking to their asking prices. In the past, automakers were guilty of producing vehicles that otherwise were not demanded and then relying on heavy incentives to move them from dealer lots. Now that American automakers have reduced their production capacity to what they refer to as “right levels,” they are able to produce vehicles at or slightly above plant capacity, without churning our more cars than the market demands at or near suggested retail prices. As for where prices are expected to go in the future, TrueCar believes that the average price is close to leveling out, something expected to happen at about $31,000 even for each new car sold.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new car average transaction price hits record high in march new car average transaction price hits record high in march

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new car average transaction price hits record high in march new car average transaction price hits record high in march

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday