That could change as technology, charging infrastructure improve, Kelley Blue Book study says.
Average vehicle transaction prices continue to soar, according to data released by Kelley Blue Book.
Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.
NASCAR Driver Toni Breidinger teams up with Kelley Blue Book to test top award winner.
Figures based on latest Kelley Blue Book average transaction price data.
Highly successful Upside Direct weekend event sales have delivered significant value to sellers while giving buyers access to even more inventory to bid on and buy.
According to Kelley Blue Book, new-vehicle buyers remain in an “over sticker” market, paying above MSRP every month this year.
With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
The team at Kelley Blue Book has assembled two broad reports from the first quarter: One is a look across industry-wide U.S. sales in Q1, the other a narrow review of electrified vehicle sales in the U.S., the combined sales of hybrids, plug-in hybrids and EVs.
