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Jun 30

Average new car price absurdity continues, blasts past $40,000

You may recall we reported on the average new car price crossing the $40,000 mark back in December 2020. However, Friday’s forecast from J.D. Power is remarkable because December auto sales often show inflated dollar figures simply due to increased luxury vehicle purchases: Lexus’ “December to Remember” and all that jazz. So for the average new car sold in June of 2021 to cost $40,206 is — frankly — ridiculous.

Source: Road Show

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