Low-cost vehicle sales accelerating and new car prices rising
TM Toyota Motor Corp ADR
$214.78 -1.71%
View chart & analysis → - 1From Q1 to Q3, the days to sell vehicles priced between $20,000 and $29,999 decreased by 20% according to Edmunds data.
- 2Vehicles priced between $30,000 and $39,999 showed an 18% increase in sales velocity according to Edmunds data.
- 3According to Cox Automotive, the average new car listing price in September was $49,726.
So what's the key point?
Cheaper cars are selling much faster than before. As cars sell more quickly, the average price for a new car reached $49,726.
Source CNBC · View original ↗
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