The combined average transaction price (ATP) for all U.S. GM brands was up nearly 14 percent year-over-year in June.
Per a recent report from Kelley Blue Book, the estimated ATP for all U.S. GM brands, including Buick, Cadillac, Chevrolet, and GMC, was $48,700, representing a 13.9 percent year-over-year increase compared to the estimated ATP in June of 2020 ($42,749).
The estimated ATP for all U.S. GM brands in May of 2021 was $48,555, indicating a 0.3-percent ATP increase between May and June of this year. Note that Kelley Blue Book ATP figures do not include applied consumer incentives.
The Kelley Blue Book report also provided insight into the broader auto industry, with the ATP for all major auto manufacturers studied coming to $42,258 in June of 2021, a 6.36-percent increase year-over-year compared to June of 2020. The ATP for all major auto manufacturers studied increased 2.24 percent between June of 2021 and May of 2021.
Every vehicle manufacturer studied showed year-over-year ATP growth last month, with the exception of Tesla, which did not report figures for two models, skewing its ATP numbers. The largest year-over-year ATP increase went to Mitsubishi, up 18.3 percent, followed by Stellantis with a 15.8-percent year-over-year increase.
With regard to segments, non-luxury models were up 7 percent, beating estimated ATP increases for luxury models, which rose 2.9 percent.
“Despite unprecedented low incentives and inventory levels in June, last month showcased more historically high average transaction prices, reaching an all-new record,” said industry intelligence analyst at Cox Automotive, Kayla Reynolds. “New-vehicle affordability continues to decline as the income required to purchase the average new vehicle continues to climb. In June, for the first time in a decade, vehicle buyers were essentially paying sticker price – the manufacturer’s suggested retail price – for new vehicles.”
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Comments
Get rid of the grey text on this site and replace with black!
So you whine incessantly the GM is using cheap black in their interiors. Now you’re whining cause you want more plain black.
Seems you just simply have to find something to complain about cause you’re never satisfied.
Get out and make something of your life instead of complaining.
^^^ He’s shocked and I’m awed. 😉
Nothing hardly to sell and deals going away means mo money in gm’s coffers.
Money will going to build GM dream electric vehicles whether we want them or not with help from Federal Government all at Mary Barra’s request.
With no rebates and dealers take it or leave it prices,with just a little more inventory to do dealer trades they both would be happy
GM stands for Grab Money. Buy from another company, this one has lost its way. Thank you Mary Barra the idiot.
Just when GM is doing so so great with their ICE autos, all I hear about is future investments in E/V and A/V. But all the financial earnings are coming from GM great ICE autos, just wish I could hear a little more investments where their earnings are coming from.
It’s very hip to talk EVs but with more variants, inflation, increased jobless claims and a possible recession it’s a joke to think the US will be majority EV by 2030.
GM’s current platforms work so well they aren’t really using the four architectural kits that will likely go down as wasted R&D. My bet is that the current crop of C1 platforms get reskinned as GM kills time transitioning to a US EV line up.