Average transaction prices, unsurprisingly, have passed the $50K mark.
Will it ever end? Or at least slow down?
Car prices are, of course, inflationary, so prices do rise over time. I remember finding the Monroney for one of the Fox-body Mustangs my family owned — not sure if it was the ’86 my dad bought new or the ’89 I bought used — and the price was under $20K. A similarly equipped modern Mustang for sale now is past $50K. I am no economist, but prices for most goods rise over time — and some never come back down.
Still, the current ATP does seem high — and the number may be skewed by the lack of low-end models priced under $30K. Perhaps if OEMs launch a bunch of cars at that price point in the next few years, that could change the game?
What do you think? Sound off below.
[Image: Gleb Usovich/Shutterstock.com]
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