Luxury share of U.S. market sets record inflating transaction prices
(February 15, 2023) ATLANTA — The average transaction price (ATP) of a new vehicle in the U.S. declined slightly in January to $49,388, a decrease of 0.6% ($310) from December's record high and up 5.9% ($2,768) from levels one year earlier. New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released by Kelley Blue Book.