The new and used car markets in the United States are still going crazy with many second-hand vehicles still selling for more than their brand-new equivalents. However, there are very early signs that things could return to a more normal state in the near future. Don’t be too optimistic just yet, but the average transaction price of a new vehicle in the country fell below the manufacturer’s suggested retail price (MSRP) for the first time in 20 months. And that’s a positive signal.
Data released earlier this week by Kelley Blue Book shows that the average price of new cars in the United States in March this year fell to $48,008, which represents a decrease of 1.1 percent from February 2023. Compared to March last year, this figure is 3.8 percent higher but nevertheless, this is the first time in nearly two years a new vehicle cost below MSRP on average – more precisely, $117 below the average sticker price, according to the agency.
