Question of the Day: What was the average price of a new car sold in June 2021? - Blog
Answer: $42,258; Up 6.36% from June 2020 Questions: What has caused the price to increase so much on new cars? What happens to the value of a car once you drive it off the dealer's lot? Do you think about cars as an investment? Explain. Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Kelley Blue Book): Average New-Vehicle Prices Hit All-Time High, According to Kelley Blue Book "Despite unprecedented low incentives and inventory levels in June, last month showcased more historically high average transaction prices, reaching an all-new record," said Kayla Reynolds, industry intelligence analyst at Cox Automotive.