Thursday, June 6, 2013

Experts fear rising vehicle prices may crimp industry rebound

Experts fear rising vehicle prices may crimp industry rebound

In a day and age where it's easy to spec out a $28,000 Ford Focus or a $70,000+ Ram pickup, there's no doubting that new vehicle prices have gotten quite high. According to Ward's Auto, more and more analysts fear that the trend toward higher transaction prices may negatively affect an auto industry that is still on the rebound. Since 2008, Ward's notes that the average new-car transaction price has increased by more than $3,000 – 13 percent in the last year alone – to a current price of $28,831.

Autoblog , Experts fear rising vehicle prices may crimp industry rebound, Experts fear rising vehicle prices may crimp industry rebound

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