Car > Car

New car prices reach record highs, again, and dealers make record profits

1 month ago   |   By The Car Connection

The average transaction price customers have paid for a new car is expected to reach $45,844 this month, according to the latest report from J.D. Power. That's a 14.5% increase from one year ago. At the same time, the constrained supply isn't hurting dealers. Dealer margins on every new car sold is on pace to hit $5,123 profit per unit, the same...
Read more ...

 


Search by Tags

   Car      Price      New  


2023 GMC Canyon, 2023 Cadillac XT6 top this week's new car news and reviews

2023 GMC Canyon, 2023 Cadillac XT6 top this week's new car news and reviews

More 2023 models roll into dealer lots, and automakers this week disclosed the pricing on new and carryover models. Without exception and as news to no one, prices are up year... Read more ...

2022 BMW i4 M50, 2024 Kia EV9, Mercedes-Benz AMG One: This Week's Top Photos

2022 BMW i4 M50, 2024 Kia EV9, Mercedes-Benz AMG One: This Week's Top Photos

BMW's latest 4-Series family has an electric option in the form of the i4 hatchback. The car is a new addition to the BMW lineup for 2022 and in i4 M50 guise, it delivers up to... Read more ...

EV tax credit's twisted timeline, IKEA charging, Nader and Tesla FSD...

EV tax credit's twisted timeline, IKEA charging, Nader and Tesla FSD: Today's Car News

Ralph Nader calls out Tesla Full Self-Driving. Electrify America adds chargers at IKEA. Could the EV tax credit reboot break WTO rules? And not even industry insiders can... Read more ...

Here are 8 Things You Should Take Into Account When Shopping For A Car

Shopping for a car can be a daunting task, especially if you don't know what you're doing. There are so many different things to consider, from the size of the car to its... Read more ...

Cadillac CT6 redesign, Rodin FZero, Porsche 911 Sally Special: Today's Car News

Cadillac CT6 redesign, Rodin FZero, Porsche 911 Sally Special: Today's Car News

Cadillac is out testing a new full-size sedan expected to replace the CT6. The sedan was spotted testing on U.S. soil, but it's unlikely we'll see it offered outside of China... Read more ...

2023 Mini Cooper

2023 Mini Cooper

What kind of vehicle is the 2023 Mini Cooper? What does it compare to? The Mini Cooper name applies to a bunch of models: two- and four-door hatchbacks, a long-roof model with... Read more ...

Techart sharpens look of Porsche 911 GT3 with aero package

Techart sharpens look of Porsche 911 GT3 with aero package

Germany's Techart recently came out with a slew of upgrades for the Porsche 911 Carrera GTS that turn the car into a genuine 911 GT3 alternative. However, that doesn't mean the... Read more ...

For Electric Vehicle Makers, Winners and Losers in Climate Bill

Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles. Read more ...

Buy now to claim the $7,500 federal EV tax credit before it expires for 2022

Buy now to claim the $7,500 federal EV tax credit before it expires for 2022

If you want to get a new electric vehicle this year, the rest of this month is likely to be a confusing, tense time. Friday, the House is due to return from recess and consider... Read more ...

Volkswagen Tiguan earns highest award

Aug 11, 2022 - Improved headlight offerings boost the midsize SUV to a Top Safety Pick+ award. Read more ...