Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Average price of new car sales transaction hits $30,748, an all-time record]]>http://www.autoblog.com/2012/04/11/average-price-of-new-cars-hits-all-time-record/http://www.autoblog.com/2012/04/11/average-price-of-new-cars-hits-all-time-record/http://www.autoblog.com/2012/04/11/average-price-of-new-cars-hits-all-time-record/#commentsFiled under: ,

Female car buyer looks at new vehicle

If you've looked into purchasing a new car recently, we likely don't need to tell you prices are plenty lofty. According to TrueCar.com's data, the average selling price of a new car sold here in the U.S. last month was $30,748, marking an all-time record (last year's figure was just $28,771). While buyers are currently looking toward smaller, less expensive and more fuel-efficient models, overall vehicle sales have jumped ahead of the rest of the slowly recovering economy. In addition, manufacturers are keeping production more in line with demand, resulting in significantly scaled-back incentives.

As a result, the average transaction price has inched skyward even in the face of an uncertain economy and escalating fuel prices. In addition, small cars now carry significantly more content than before and prices to match, and crossovers just keep getting more and more popular. Buyers have proven none too wary of optioning B and C-segment vehicles well above MSRPs typically seen on mid-sized fare, and used car fleets are thin, raising prices and pushing buyers toward new cars instead. According to CNW Marketing, consumers now routinely option a vehicle to within 86 percent of the fully loaded cost.

Average price of new car sales transaction hits $30,748, an all-time record originally appeared on Autoblog on Wed, 11 Apr 2012 16:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto pricesauto salescar buyingcar pricecar pricescar salesnew car pricespricetransaction pricestruecarWed, 11 Apr 2012 16:01:00 EST http://www.autoblog.com/feed/20213416/article-comments.xml http://www.autoblog.com/feed/2012/04/11/average-price-of-new-cars-hits-all-time-record/20213416/article-detail.xml 20213416 http://www.blogcdn.com/www.autoblog.com/media/2012/04/female-buyer-checking-out-new-car_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2012/04/female-buyer-checking-out-new-car.jpg <![CDATA[Chevy Cruze could be priced higher than rivals]]>http://www.autoblog.com/2008/09/16/chevy-cruze-could-be-priced-higher-than-rivals/http://www.autoblog.com/2008/09/16/chevy-cruze-could-be-priced-higher-than-rivals/http://www.autoblog.com/2008/09/16/chevy-cruze-could-be-priced-higher-than-rivals/#commentsFiled under: , , ,


Click above for a high-res gallery of the Chevy Cruze

Remember when we told you that GM plans to make more money off of its small cars by upping its prices? Well, as far as the Cruze is concerned, not only do they plan to charging substantially more than the outgoing Cobalt, they might demand more cash than a comparably equipped Corolla, Civic, or Focus. According to GM, that's because it needs to make more per car than Honda or Toyota.

With the average Civic rolling away for $19,184, GM doesn't have a lot of room to play before hitting the $20,000 ceiling. And if GM was to get an average price of $19,500 for the Cruze, that would be a $3,000 premium over the current (average) price for the Cobalt. That still gives no indication of how much money GM would actually be making on the car, though.

Design honcho Ed Welburn feels the car's styling and interior will justify the extra dosh, and said he believes "we have some very unique content and materials that are in the vehicle." Conviction is a good start, and if they can back it up the verdict might go their way. For that, we have to wait for the jury of consumers to decide.

Gallery: 2010 Chevy Cruze - live shots


Gallery: 2011 Chevy Cruze


[Source: IHT]

Chevy Cruze could be priced higher than rivals originally appeared on Autoblog on Tue, 16 Sep 2008 17:59:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>car buyingcar pricecar pricesCarBuyingCarPriceCarPriceschevroletchevrolet cruzeChevroletCruzechevy cruzeChevyCruzeeconomy careconomy carsEconomyCarEconomyCarsTue, 16 Sep 2008 17:59:00 EST http://www.autoblog.com/feed/1315942/article-comments.xml http://www.autoblog.com/feed/2008/09/16/chevy-cruze-could-be-priced-higher-than-rivals/1315942/article-detail.xml 1315942 http://www.blogcdn.com/www.autoblog.com/media/2008/09/cruze_price_premium_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/09/cruze_price_premium.jpg <![CDATA[GM may raise vehicle prices rather than sell to fleets, offer incentives]]>http://www.autoblog.com/2008/03/21/gm-may-raise-vehicle-prices-rather-than-sell-to-fleets-offer-in/http://www.autoblog.com/2008/03/21/gm-may-raise-vehicle-prices-rather-than-sell-to-fleets-offer-in/http://www.autoblog.com/2008/03/21/gm-may-raise-vehicle-prices-rather-than-sell-to-fleets-offer-in/#commentsFiled under: ,

Recently, Toyota adjusted its sales projections for 2008 downward, and although GM is not following suit, it is hedging its bets by moving some non-product related expenses, i.e. stuff that cost money but doesn't have much to do with cars, to the end of the year. Another possibility currently being considered at GM is raising the price of some of its vehicles. These price increases would cover the rising cost of the commodities required to actually build the vehicles, but we presume it would also also make these vehicles a tougher sell in an ultra-competitive market. What GM is definitely not going to do, according to CFO Ray Young, is sell more to fleets or offer massive incentives as a quick fix to raise total sales numbers in the near term, something Old GM would've done already at this point.

[Source: Automotive News, sub. req'd]

GM may raise vehicle prices rather than sell to fleets, offer incentives originally appeared on Autoblog on Fri, 21 Mar 2008 02:31:00 EST. Please see our terms for use of feeds.

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