{"id":8031,"date":"2023-04-12T18:57:06","date_gmt":"2023-04-12T18:57:06","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/new-vehicle-prices-fall\/"},"modified":"2023-04-12T19:00:31","modified_gmt":"2023-04-12T19:00:31","slug":"new-vehicle-prices-fall","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/new-vehicle-prices-fall\/","title":{"rendered":"New vehicle prices fall below sticker price after nearly two years &#8211; Kelley Blue Book"},"content":{"rendered":"<p>(Reuters) &#8211;     New vehicles&#8217; average transaction price fell below the manufacturer&#8217;s suggested retail price (MSRP) for the first time in 20 months, according to data published by automotive research company Kelley Blue Book.<\/p>\n<p>Vehicle prices turned hot after a pandemic-driven supply chain snag and an increased demand for private cars.<\/p>\n<p>The average transaction price of a new vehicle in the U.S. declined 1.1% in March to $48,008 from February&#8217;s $48,558. However, March prices rose 3.8% compared to a year earlier.<\/p>\n<p>Top global automakers, except Toyota Motor Corp, reported a rise in first-quarter U.S. sales on improving shipments to dealers as vehicle inventories improve.<\/p>\n<p>&#8220;Right now, in-market consumers are finding more inventory, more choice and dealers more willing to deal, at least with some brands,&#8221; said Rebecca Rydzewski, auto-industry researcher at Kelley Blue Book&#8217;s parent firm Cox Automotive.<\/p>\n<p>In March, the average price for a new non-luxury vehicle, which includes brands such as Chevrolet, Ford, Hyundai and Nissan, was $44,182, a decline of $505 compared with February, but buyers continued to pay above MSRP for luxury vehicles, according to the report.<\/p>\n<p \/>\n<p> (Reporting by Pratyush Thakur in Bengaluru; Editing by Krishna Chandra Eluri)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/new-vehicle-prices-fall\/automobiles-are-shown-for-sale-at-a-car-dealership-in\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B0S9-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3B0S9-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; New vehicles&#8217; average transaction price fell below the manufacturer&#8217;s suggested retail price (MSRP) for the first time in 20 months, according to data published by automotive research company Kelley Blue Book. Vehicle prices turned hot after a pandemic-driven supply chain snag and an increased demand for private cars. The average transaction price of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":8032,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-8031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B0S9-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/8031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=8031"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/8031\/revisions"}],"predecessor-version":[{"id":8033,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/8031\/revisions\/8033"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/8032"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=8031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=8031"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=8031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}