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That number for ICE sales seems suprisingly low. Are they using the second hand price? > Data from Edmunds shows the average price of a used car purchase in De
by ZeroGravitas 3y ago
That number for ICE sales seems suprisingly low. Are they using the second hand price?
> Data from Edmunds shows the average price of a used car purchase in December at $29,533, down nearly $1,600 from the record high of $31,095 reached in April 2022.
https://edition.cnn.com/2023/01/16/business/used-car-prices/index.html https://edition.cnn.com/2023/01/16/business/used-car-prices/...
> The average selling price for a new non-luxury car in December was a record $45,578, up almost $1,000 over November. The average selling price of a new pickup was even greater, at over $59,000, and was even higher if we look at Ford's best-selling F-series. In December, Ford sold more than 75,000 F-series trucks at an average sales price of $66,451, KBB reports.
> New luxury cars reversed this trend a bit, with prices dropping by $216 from November to December, when the average sales price of a new luxury vehicle was $66,660, with many selling below MSRP. But looking at the year as a whole, strong luxury vehicle sales are responsible for much of the average sales price increases seen last year.
> Electric vehicles remain expensive, with an average sale price of $61,448. However, EV prices actually fell by almost $3,600 between November and December 2022. This was in large part due to heavy discounts offered by Tesla—which accounts for 65 percent of US EV sales—as it tried but failed to meet growth targets.
https://arstechnica.com/cars/2023/01/the-average-new-car-price-reached-49075-in-december/ https://arstechnica.com/cars/2023/01/the-average-new-car-pri...