The average price paid for a new non-luxury vehicle last month was $43,144, also a record high and more than $900 over sticker. In comparison, one year ago luxury vehicles were selling for more than $3,000 under MSRP. In November 2021, the average luxury buyer paid $61,455 for a new vehicle, a record-setting sum nearly $1,000 more than sticker price. For comparison, luxury sales made up only 15.9% of the market six months ago in May, and five years ago in November 2016, luxury sales accounted for only 14.4% of the U.S. Luxury vehicle sales, which normally increase in November and December, comprised 17.4% of total sales in November and helped to drive ATPs higher. However, with high prices being the norm right now for both new and used vehicles, that means trade-in values are very favorable and can help soften the blow for consumers as they purchase their next vehicle." "It's still a seller's market, and we don't expect things to change anytime soon.
"High prices and limited choices likely are keeping many car buyers on the sidelines," said Kayla Reynolds, analyst for Cox Automotive. In fact, at 1,020,355 units, November's sales hit the lowest level since April 2020, when the global pandemic first shut down the economy. November was the sixth straight month of volume declines. While prices were elevated last month, sales were slow, with sales volume at the lowest level of the year. In recent research from Cox Automotive, nearly 70% of franchised dealers indicated their new-vehicle prices are higher than pre-pandemic levels. New-vehicle inventory levels remain tight, and with sufficient consumer demand, dealers have been able to hold prices at or above the manufacturer's suggested retail price (MSRP). According to new data released today by Kelley Blue Book, average transaction prices (ATPs) are sharply elevated from last year, up more than 13% from November 2020. 10, 2021 /PRNewswire/ - New-vehicle prices increased further into record territory in November, including a modest increase from the month prior. Your investment will bring you many years of enjoyment, but only if you buy one that is truly worth the price.IRVINE, Calif., Dec. Keep it fair both from the selling end and the buying end. Some people just want others to know they have one for sale by setting the price so high that it is not going to sell. You want to get your money's worth, but, you also don't want to overpay for it. These days you may be able to access a used RV buyers guide at a dealer's website, too.ĭoing your research is vital when investing in this type of vehicle. One thing to remember when seeking a value price is to consider getting a VIN report. Knowing what to look for is the key to inspecting one. An RV Buyers guide is a great help when making an RV purchase. Never buy an RV without looking at it and doing an inspection. Keeping your price within the limits of the Kelley Blue Book RV Guide will ensure your quick sale. Your best option is to contact a reputable source and give them a list of options and conditions for the RV you are seeking to buy or sell. Of course, most of them will be out of date by the time they reach the shelves. Some book stores will sell them as a used item. These are usually found in financial institutions and RV dealerships. It is hard to find one of these books for your own personal use. You should not attempt to buy or sell an RV without getting a quote of value from this book or their website. Some RVs lose their value and some gain in value. The Kelly Blue Book RV Guide will give the estimated value of every RV and will be non-biased. The value of the options are considered when determining a value price. You want to be fair with the price, so it is recommended by banks and travel trailer dealers to use this guide.Īn RV dealer will consult this guide when you want to trade in one camper for another. With this guide, you can get the value of a used travel trailer or RV camper you are wanting to buy or sell. A Kelly Blue Book RV Guide seems to be the most reliable and popular way to determine the value of an RV.
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