{"id":325,"date":"2025-01-18T21:16:00","date_gmt":"2025-01-18T22:16:00","guid":{"rendered":"https:\/\/sacueta.com\/?p=325"},"modified":"2025-01-30T13:54:32","modified_gmt":"2025-01-30T13:54:32","slug":"new-car-transaction-prices-soar-toward-record-highs","status":"publish","type":"post","link":"https:\/\/sacueta.com\/index.php\/2025\/01\/18\/new-car-transaction-prices-soar-toward-record-highs\/","title":{"rendered":"New Car Transaction Prices Soar Toward Record Highs"},"content":{"rendered":"
The average transaction price<\/a> (ATP) for new cars in the U.S. climbed close to record highs last month, largely fueled by a surge in luxury car sales to close out 2024. With consumer confidence seemingly buoyed by the post-election optimism, buyers flocked to dealerships, ready to spend. It will be interesting to see if this upward trend continues or takes a breather in 2025.<\/p>\n \t\t\t\tvar adpushup = window.adpushup = window.adpushup || {que:[]}; In December 2024, ATPs reached $49,740, marking a 1.5% bump from $49,010 in November 2024 and a significant rise (+3.4%) compared to $48,082 in December 2023. The industry-wide record still belongs to December 2022, when ATPs hit $49,958 as inventory levels started bouncing back from the pandemic’s historic lows.<\/p>\n Luxury Cars Take Center Stage<\/strong><\/p>\n A major driver of December’s high ATPs was the spike in luxury vehicle sales. Typically, cars priced north of $80,000 make up 4.4% of monthly industry sales, according to Cox Automotive<\/a><\/em>. Last month, they accounted for a hefty 5.6%, with roughly 84,000 luxury models sold. Meanwhile, full-size pickup trucks also pulled their weight, averaging $64,261 and further boosting overall ATPs.<\/p>\n Cadillac<\/a> reported a huge jump in ATPs in December. In fact, the average price paid for a new Cadillac<\/a> soared from $67,925 in November 2024 to $79,594. That’s a massive 17.2% month-over-month increase. Similarly, Cadillac’s year-over-year ATP has jumped by 12.8%. <\/p>\n SWIPE<\/span><\/p>\n Several other brands have experienced significant increases in prices. For example, Infiniti’s ATPs are up 4% month-over-month and 8.1% year-over-year. Tesla ATPs have also increased 10.5% from December 2023, despite supposed discounts for the soon-to-be replaced Model Y, but remained steady between November and December 2024.<\/p>\n While several luxury automakers celebrated rising prices, not everyone shared the spoils. For Mitsubishi, average prices plunged 12.7% year-over-year, Jeep fell 6.3%, and Buick saw a 7% decline. Chrysler and Dodge also posted year-over-year drops of 4.3% each.<\/p>\n
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\n\t\t\t\t});<\/p><\/div>\nAverage Transaction Prices By Brand <\/h5>\n
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\n Brand<\/strong><\/td>\n Dec-24 <\/strong><\/td>\n Nov-24<\/strong><\/td>\n Dec-23<\/strong><\/td>\n Monthly Diff.<\/strong><\/td>\n Yearly Diff.<\/strong><\/td>\n<\/tr>\n \n Acura<\/td>\n $54,024<\/td>\n $54,004<\/td>\n $50,418<\/td>\n 0.0%<\/td>\n 7.2%<\/td>\n<\/tr>\n \n Audi<\/td>\n $61,938<\/td>\n $62,778<\/td>\n $64,090<\/td>\n -1.3%<\/td>\n -3.4%<\/td>\n<\/tr>\n \n BMW<\/td>\n $73,515<\/td>\n $73,573<\/td>\n $72,779<\/td>\n -0.1%<\/td>\n 1.0%<\/td>\n<\/tr>\n \n Buick<\/td>\n $35,596<\/td>\n $34,978<\/td>\n $38,281<\/td>\n 1.8%<\/td>\n -7.0%<\/td>\n<\/tr>\n \n Cadillac<\/td>\n $79,594<\/td>\n $67,925<\/td>\n $70,575<\/td>\n 17.2%<\/td>\n 12.8%<\/td>\n<\/tr>\n \n Chevrolet<\/td>\n $49,120<\/td>\n $48,897<\/td>\n $49,164<\/td>\n 0.5%<\/td>\n -0.1%<\/td>\n<\/tr>\n \n Chrysler<\/td>\n $47,503<\/td>\n $47,801<\/td>\n $49,632<\/td>\n -0.6%<\/td>\n -4.3%<\/td>\n<\/tr>\n \n Dodge<\/td>\n $51,849<\/td>\n $51,418<\/td>\n $54,171<\/td>\n 0.8%<\/td>\n -4.3%<\/td>\n<\/tr>\n \n Ford<\/td>\n $56,515<\/td>\n $56,366<\/td>\n $55,657<\/td>\n 0.3%<\/td>\n 1.5%<\/td>\n<\/tr>\n \n GMC<\/td>\n $66,803<\/td>\n $65,725<\/td>\n $66,269<\/td>\n 1.6%<\/td>\n 0.8%<\/td>\n<\/tr>\n \n Genesis<\/td>\n $62,760<\/td>\n $62,162<\/td>\n $63,025<\/td>\n 1.0%<\/td>\n -0.4%<\/td>\n<\/tr>\n \n Honda<\/td>\n $37,610<\/td>\n $37,755<\/td>\n $36,249<\/td>\n -0.4%<\/td>\n 3.8%<\/td>\n<\/tr>\n \n Hyundai<\/td>\n $37,710<\/td>\n $37,696<\/td>\n $37,903<\/td>\n 0.0%<\/td>\n -0.5%<\/td>\n<\/tr>\n \n Infiniti<\/td>\n $65,667<\/td>\n $63,124<\/td>\n $60,759<\/td>\n 4.0%<\/td>\n 8.1%<\/td>\n<\/tr>\n \n Jaguar<\/td>\n $67,364<\/td>\n $63,064<\/td>\n $73,280<\/td>\n 6.8%<\/td>\n -8.1%<\/td>\n<\/tr>\n \n Jeep<\/td>\n $50,749<\/td>\n $51,998<\/td>\n $54,148<\/td>\n -2.4%<\/td>\n -6.3%<\/td>\n<\/tr>\n \n Kia<\/td>\n $37,676<\/td>\n $37,595<\/td>\n $35,936<\/td>\n 0.2%<\/td>\n 4.8%<\/td>\n<\/tr>\n \n Land Rover<\/td>\n $102,703<\/td>\n $104,558<\/td>\n $105,547<\/td>\n -1.8%<\/td>\n -2.7%<\/td>\n<\/tr>\n \n Lexus<\/td>\n $59,527<\/td>\n $59,187<\/td>\n $58,492<\/td>\n 0.6%<\/td>\n 1.8%<\/td>\n<\/tr>\n \n Lincoln<\/td>\n $66,611<\/td>\n $66,625<\/td>\n $66,969<\/td>\n 0.0%<\/td>\n -0.5%<\/td>\n<\/tr>\n \n Mazda<\/td>\n $35,893<\/td>\n $36,187<\/td>\n $35,632<\/td>\n -0.8%<\/td>\n 0.7%<\/td>\n<\/tr>\n \n Mercedes<\/td>\n $77,643<\/td>\n $76,647<\/td>\n $76,185<\/td>\n 1.3%<\/td>\n 1.9%<\/td>\n<\/tr>\n \n Mini<\/td>\n $40,161<\/td>\n $40,127<\/td>\n $39,700<\/td>\n 0.1%<\/td>\n 1.2%<\/td>\n<\/tr>\n \n Mitsubishi<\/td>\n $27,307<\/td>\n $29,730<\/td>\n $31,285<\/td>\n -8.2%<\/td>\n -12.7%<\/td>\n<\/tr>\n \n Nissan<\/td>\n $34,102<\/td>\n $34,037<\/td>\n $34,595<\/td>\n 0.2%<\/td>\n -1.4%<\/td>\n<\/tr>\n \n Porsche<\/td>\n $115,407<\/td>\n $112,776<\/td>\n $109,883<\/td>\n 2.3%<\/td>\n 5.0%<\/td>\n<\/tr>\n \n Ram<\/td>\n $61,212<\/td>\n $60,606<\/td>\n $62,214<\/td>\n 1.0%<\/td>\n -1.6%<\/td>\n<\/tr>\n \n Subaru<\/td>\n $34,742<\/td>\n $34,799<\/td>\n $35,163<\/td>\n -0.2%<\/td>\n -1.2%<\/td>\n<\/tr>\n \n Tesla<\/td>\n $55,258<\/td>\n $55,256<\/td>\n $50,012<\/td>\n 0.0%<\/td>\n 10.5%<\/td>\n<\/tr>\n \n Toyota<\/td>\n $41,876<\/td>\n $41,457<\/td>\n $40,465<\/td>\n 1.0%<\/td>\n 3.5%<\/td>\n<\/tr>\n \n VW<\/td>\n $36,553<\/td>\n $35,875<\/td>\n $38,292<\/td>\n 1.9%<\/td>\n -4.6%<\/td>\n<\/tr>\n \n Industry<\/strong><\/td>\n $49,740<\/strong><\/td>\n $49,010<\/strong><\/td>\n $48,082<\/strong><\/td>\n 1.5%<\/strong><\/td>\n 3.4%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>
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