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The average price for a new electric vehicle – over $66,000, according to Kelley Blue Book estimates – remains well above the industry average and more aligned with luxury prices versus mainstream prices.
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Pricing has been released for the 2023 Subaru Impreza Sedan or 5-Door models, starting at $19,795 MSRP.
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Available now, the 2023 Sportage subcompact SUV features new X-Line and Sportage X-Pro trims, and upcoming electrified versions.
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But average transaction prices still linger above MSRP as supply holds steady at the same level since Thanksgiving and customer demand remains strong.
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Analysis: A big drop of 20% to 30%, as one report suggests, is highly unlikely. History tells us a decline of more than 10% is rare indeed.
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New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
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The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
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Tight new-vehicle supply puts upward pressure on new-vehicle transaction prices. Affordability hits 10-year low in July.
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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The Bolt EV saw a 335% sales increase in July to its highest volume ever in a second quarter at 10,857 units.
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