Monday, April 9, 2012

Car Prices Hit Record Highs in the U.S., Average Transaction up 7% from Last Year


The U.S. auto market is gaining momentum after the recession which led to the bankruptcy of the General Motors and Chrysler groups, but so are median car prices.

According to TrueCar.com, the average transaction price for new light vehicles in the States reached $30,748 in March 2012, an increase of $1,977 or 6.9 percent from March 2011 and $143 or 0.5 percent from February 2012.

Most analysts seem to agree that one of the reasons why average prices are on a rise is that automakers are constantly reducing big cash-back offers and other incentives.

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