The car trade consultant in the United States, Cox Automotive shared statistics that indicate a slight decrease in prices at the beginning of the year. In the month of January 2023, the average sales value (ATP) of a new car was $49,388.00 USD.
However, a month earlier, in December 2022, the ATP was $119.00 USD more expensive with $49,507.00 USD. This figure represents a minimum reduction of 0.6%, but it is the first indication that shows a decrease in the value of the vehicles of the year.
The car market had been experiencing high rates for a long time, especially when Covid-19 began, a stage that affected suppliers. The lack of raw materials throughout the planet reduced production, buyers increased and prices too.
A historic sale of luxury cars
This situation caused customers to seek used car offers and at the same time contributed to inflation in the country. In the final days of 2022, the average monthly payment for a vehicle with 0 kilometers traveled was $777.00 USD.
The figure represented a historical value for the light truck trade with an increase of 2.1% compared to November 2022. In December of last year, the margin to pay for a means of transport rose to 44 weeks, when in November that year it was 43.3.
Cox Automotive’s chief financial officer, Jonathan Smoke, reported that the biggest difficulty in auto sales lies in credit interest. The North American company’s economic and industry perspective researcher, Rebecca Rydzewski, announced that automobile manufacturing is growing.
The tendency to increase production has affected a drop in the prices of normal and luxury cars. These had a record purchase increase of 20% in January of the current year.
