Kelley Blue Book Report: Average New-Vehicle Prices Climb Higher For Fourth Consecutive Month, Flirt with All-Time High
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Average new-vehicle prices have increased for the fourth consecutive month, with some reports indicating they have reached an all-time high, surpassing $50,000 for the first time. The rise in prices may be attributed to various factors, including a surge in electric vehicle shoppers and automakers cutting incentives to protect margins. However, it is unclear if prices will continue to climb or if they may start to come down.
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