New Vehicle Prices, Payments Head Higher in December 2024
New-vehicle sales incentives in December were mostly unchanged from November, holding steady at 8.0% of ATP or about $3,958. The average incentive package on a new vehicle was higher by 44% compared to December 2023, when incentives equaled about 5.5% of ATP. New-vehicle affordability declined in December, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability […]
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