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Kelley Blue Book Report: New-Vehicle Prices Increase Year Over Year in February

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The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was just released. Key takeaways from February include: The estimated February new-vehicle ATP from Kelley Blue Book was $48,039, a year-over-year gain of 1.0%, but lower by 1.3% Incentives for electric vehicles (EVs) increased.

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Report Shows Average New Vehicle Prices Climb Higher for Fourth Consecutive Month

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New vehicle prices in December climbed higher for the fourth consecutive month and were close to the all-time high marked in December 2022. New vehicle ATPs were $49,740 last month, an increase of 1.3% Vehicles, especially luxury vehicles, are typically an emotional purchase, and when consumers are optimistic, they go shopping.

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Cyberattacks cost auto industry $22.5B in 2024, vulnerabilities reach record high

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The report also studied issues within vehicles as they become more reliant on software and AI, finding 77% of all industry vulnerabilities were found on onboard or in-vehicle systems. Those issues can allow criminals to steal data or the vehicles themselves. The full report can be downloaded here.

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Kelley Blue Book: June Vehicle Prices Rise, EV Incentives Hit Record

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The average June vehicle prices ticked higher, according to data from Kelley Blue Book, a Cox Automotive brand. New-vehicle sales slowed slightly, with the seasonally adjusted annual rate (SAAR) in June hitting 15.3 This gap shows that vehicle production costs are rising faster than transaction prices. million, down from 15.6

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Spring Optimism Boosts U.S. Automobile Dealer Sentiment

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New-Vehicle Sales Index Unchanged from Q4, Higher Year Over Year Franchised automobile dealers reported a good sales environment during the survey. The Q1 new-vehicle sales index remained at 54, higher than last year’s 52. The new-vehicle inventory index peaked at 75 in Q1 2024.

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Survey: EV owner loyalty simply rock solid

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The American public’s relationship with electric vehicles is… complicated. EV drivers are not just satisfied — they’re in love with their vehicles and are increasingly confident and better informed.” In addition, 85% of EV owners surveyed said they know exactly what vehicle they want when they visit a dealership.

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Lotlinx report shows used-car sales lagging behind new in Q2

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While new-car sales made a significant jump in the second quarter, used-vehicle sales took just a small step up, according to the latest data from Lotlinx. The report cited the affordability gap between EVs and internal combustion engine vehicles as the primary issue in the difference between new and used EV volume.