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Category Archives: prices
MINI Oxford Edition – Rerun for 2025
MINI USA is bringing back the Oxford Edition for the 2025 model year MINI lineup, the BMW Group USA said today. It claimed that that premium design and innovative features can come in a compact, city-friendly package. The Manufacturer’s Suggested Retail Price (MSRP) for the Oxford Edition 2 Door starts at $24,950 and the 4 Door at $25,950, plus a destination and handling fee of, gulp, $1175. This makes the total price $26,125 for the 2 Door and $27,125 for the 4 Door.
“The Oxford Edition includes all the standard features of the MINI Cooper models, plus exclusive options at no additional cost. Customers can choose from three stunning exterior paint options: Sunny Side Yellow, Nanuq White Metallic, and Blazing Blue Metallic. The Oxford Edition also comes with 18″ Slide Spoke 2-Tone wheels with summer tires, adding a sporty touch to its iconic design,” said MINI. Continue reading
Used Vehicle Prices Poised to Soar?
“While it’s not yet spring, wholesale values increased more than we usually see in the month of January, with particular strength at the end of the month,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “The Manheim index is at the highest point since October 2023, after we experienced stronger-than-usual gains in non-seasonally adjusted values. Currently, retail days’ supply at used dealerships sits nine days lower than last year, and we are just now on the cusp of starting the spring wholesale market.”
Notably absent was any mention of the Trump tariff chaos, which likely will significantly increase new vehicle prices and thereby increasing demand and prices for used vehicles.
Continue reading
On Sale? New Vehicle Incentives Rise in October
Kelley Blue Book data reported today shows that the average transaction price (ATP) for a new vehicle in the U.S. was $48,623 in October, up from September and higher than year-ago levels. Incentives increased again as many automakers try to clear their inventory. The electric vehicle ATP dropped month-over-month, but was higher year over year, with incentives at their highest level this year.
“’Tis the season for automakers to make their final push for 2024 sales,” said Cox Automotive Executive Analyst Erin Keating. “While some automakers focus on managing production, many will likely maintain or even increase their seasonal incentives to attract buyers. With competition intensifying, these strategies will be crucial in maintaining market share and driving end-of-year sales. Our team is generally optimistic for new-vehicle sales to close out the year – extra incentives will certainly help.” Continue reading
U.S. Vehicles Sales Drop as Consumers Wait for Discounts
“September sales were in line with our forecast, although our expectations were modest for what was always penciled in to be a quieter month. Even though the Federal Reserve cut interest rates by 50 basis points – above the expectations of many analysts – it is likely to take some time for lower borrowing costs to feed through to the auto industry. Generally, high vehicle pricing is keeping monthly payments elevated, and therefore some consumers are still sitting on the sidelines,” said David Oakley, Manager, Americas Sales Forecasts at GlobalData. Continue reading
Manheim – U.S. Wholesale Used Vehicle Prices Up In August
“The trend of higher wholesale values at Manheim continued into August from July, as we saw prices appreciate every week except the last,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “Sales conversion continued to rise and held at much higher levels than prior years for the month as more buyers came to markets to replenish supply for used retail inventory. We know lease maturities are on the decline, and used retail days’ supply has tightened over the last month. That will likely keep pressure on buyers at Manheim in the next several weeks.” Continue reading
EV Grumblings – Ford Cuts 2024 F-150 Lightning Prices
Ford Motors (NYSE: F) said today that online orders are open for the 2024 Ford F-150 Lightning trucks, now shipping from the Rouge Electric Vehicle Center. In January Ford dropped a shift at Rouge because of weak demand for the Lightning, the top-selling electric pickup in the US. Competition is reducing demand and trimming margins. The previously announced MSRP of the 2024 F-150 Lightning is being reduced. The so-called F-150 Lightning Flash™, is now available with a starting MSRP under $70,000, and comes with an extended-range battery. Continue reading
US Vehicle Transaction Prices Down in January
The automobile market is not contributing to inflation. The extensively covered January Consumer Price Index (CPI), a key measure of inflation is widely misrepresented in AutoInformed’s opinion.
Cox Automotive* said today that it observed declines in retail vehicle prices last month, according to actual transaction data. Kelley Blue Book reported that average transaction prices for new vehicles were down by 3.5% year-over-year, Another Cox measure, Dealertrack data show average used retail prices down slightly less. “Both measures indicate the retail auto market is not pushing overall inflation higher,” Cox said. Continue reading
Posted in auto news, blog, economy, new vehicle, news analysis, prices, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration Recovery, Bidenomics, Cox Automotive, Jonathan Smoke, kelley blue book, Ken Zino, Manheim
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Manheim – Used-Vehicle Prices Drop in January
Wholesale used-vehicle prices decreased 1.0% from December during the first 15 days of January, according to data just released by industry expert Manheim.* The Manheim mid-month Used Vehicle Value Index dropped to 201.9, which was down 10.2% from the full … Continue reading
The 2024 Acura TLX Sedan Arrives at Dealerships Today
A refreshed 2024 Acura TLX sedan begins arriving at Acura dealerships today with a Manufacturer’s Suggested Retail Price (MSRP) starting at $45,000 [1].* The simplified lineup includes the TLX with Technology Package, an optional A-Spec sport appearance package and the high-performance TLX Type S. Continue reading
Nissan 2024 Armada SUV $57,350 – $72,418
The 2024 Nissan Armada is on sale now with prices for the full-size SUV ranging from $57,350 – $72,418 plus options, taxes and registration fees.* Armada has a5.6-liter Endurance® V8 rated for 400 horsepower and 413 lb.-ft. of torque, supporting … Continue reading
Voters Blame Oil and Gas Companies for High Energy Prices
New polling from Data for Progress, Climate Power, and Fossil Free Media finds that voters strongly blame high energy prices on large oil companies and their CEOs.* They think, and believe these companies have too much power in government. Yet, voters remain optimistic about a transition away from fossil fuels and toward clean energy. This shall we say “awakened attitude” should be a warning to the fossil fuel dependent Republican party since it is bipartisan. Continue reading
Consumer Spending Spree – October US Auto Sales
Total US new-vehicle sales during October 2023 are forecast to reach 1,201,800, a 6.6% increase from October 2022, according to numbers just released by J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.5 million units, up 0.9 million units from October 2022. Retail buyers are on pace to spend $43.7 billion on new vehicles, up $0.3 billion from October 2022. Continue reading
Trump Tariffs – His Next Economic Catastrophe
Shoot from the lip President Trump, aka Calamity Donald, today imposed tariffs of 25% across North America disrupting the North American auto market that has thrived on 30 years of free trade. Any new tariffs in place for any significant length of time will be disruptive. The tariffs at 25% are significantly higher than the profits made by the automakers and their suppliers. It is widely – if not universally – held by economists that this is an economic disaster. Continue reading →