The average used car currently sells for roughly $28,000.
Used vehicle prices continue to rise – even as inventory levels rise with them.
Buick ATPs stood at roughly $40k last month.
Luxury vehicles continue to drive higher ATPs.
The average price of a new GMC vehicle last month sat at $61,448.
The ATP of a new Chevy vehicle last month sat at $49,308.
Driven by truck and SUV sales, plus low incentives.
Most incentives, when available, were worth less than $2,000.
But could inflation prevent a true price correction?
Are used vehicles a better investment than cryptocurrency?
The least affordable vehicle prices since data tracking began in 2012.
Buick’s ATPs stood at $40,082 last month.
But prices were still 15 percent higher than last year.
The average price of a new GMC vehicle last month stood at $62,839.
The ATP of a new Chevy vehicle last month stood at $50,554.
The broader industry ATP is up.
A small increase compared to the rest of GM.
That’s another all-time high for the GMC brand.
Propelled by increased e-commerce.
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