New York
CNN
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Americans can as soon as once more purchase vehicles for lower than sticker worth. But that doesn’t imply they’re discovering bargains at their native dealerships.
A yr in the past, report tight inventories meant 80% of consumers had been paying greater than the producers’ urged retail worth (MSRP), or sticker worth, in line with knowledge from Edmunds. For many years, automotive consumers had been capable of negotiate a reduction.
Today, solely 36% of consumers are paying above sticker. After paying a mean of $700 above MSRP within the spring, consumers paid a mean of $300 lower than sticker in December.
That’s nonetheless far lower than the $2,600 common that consumers saved on the sticker worth in 2019, in line with Edmunds’ knowledge — whereas the common transaction worth stays at a report excessive, in line with knowledge from each Edmunds and Cox Automotive, which each monitor automotive gross sales, costs and inventories.
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2023-01-19 10:23:04 Most new automotive consumers are actually paying lower than sticker worth
Article from www.cnn.com