New-Vehicle Prices Continue to Tumble in August 2024
Thursday, 12 September 2024, 07:10
Market Overview
New-vehicle prices continue to tumble in August 2024, driven by heightened competition among manufacturers. Consumers are enjoying the benefits of this trend, as offers become increasingly attractive.
Incentives on the Rise
Incentives up nearly 50% year over year, according to Kelley Blue Book estimates, illustrate the market's shift. Dealers are eager to move inventory, prompting better deals for buyers.
Key Takeaways
- New-vehicle prices show a significant decline.
- Incentives are essential for driving sales.
- Consumers have more negotiating power than ever.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.