![]() Luxury brands Audi, Alfa Romeo, Infiniti, Lexus, Porsche, and Tesla showed the least price strength, selling 1% or more below MSRP in September.Īverage Non-Luxury Car Prices See Significant Drop but Remain Above Sticker Mercedes-Benz and Jaguar showed the most price strength in the luxury market, transacting between 2% to 4% over sticker price last month. Buyers continue to pay more than MSRP for new luxury vehicles, although prices are trending closer to or below sticker prices in some luxury segments. In September 2022, the average luxury buyer paid $65,775 for a new vehicle, down $60 from August when luxury ATPs hit a record high of $65,835. The high share of luxury sales is helping to push the overall industry ATP higher. Luxury vehicle share remains historically high, increasing to 18% of total sales in September from 17.6% in August. Strong luxury vehicle sales have been a primary reason for overall elevated new-vehicle prices. "With prices still well above MSRP and incentives from automakers still low, sales in September continued to struggle as consumers weighed their vehicle-buying options."Īverage Prices for Luxury Cars Decline Slightly from August "Interest rates and average monthly payments were up in September, which means affordability worsened," said Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. September prices dipped 0.3% ($146) month over month from August, but were up 6.1% ($2,775) year over year from September 2021.Īccording to Kelley Blue Book calculations, September marks a record 16th straight month that new-vehicle ATPs were higher than the average manufacturer's suggested retail price (MSRP), also known as the sticker price. The Kelley Blue Book new-vehicle average transaction price (ATP) decreased to $48,094 in September, slightly lower than the previous high of $48,240. 12, 2022 /PRNewswire/ - The average price paid for a new vehicle in the United States in September 2022 was down from August's record but remains solidly above the $48,000 mark, according to new data released today by Kelley Blue Book, a Cox Automotive company. ![]() ![]() Electric vehicle (EV) prices weakened month over month, but EV ATPs remain above $65,000.ĪTLANTA, Oct.On average, non-luxury vehicle buyers paid $829 above sticker price, a decrease from August.Luxury share remains elevated – at 18% of total sales – but luxury pricing is down.September 2022 average new-vehicle transaction prices (ATPs) declined slightly from August but remain elevated and well above sticker price. ![]()
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