Dealer inventory is increasingly healthy, but prices paid for new vehicles in July 2023 rose only 0.4% from one year ago. That’s the smallest year-over-year price increase in the past decade, according to Kelley Blue Book (KBB).
The average transaction price (ATP) paid for a new vehicle in July 2023 was $48,334, KBB reports. That’s a month-over-month decrease of 0.7% ($337) from June’s ATP of $48,671 and up only $199 from July…
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