The common transaction selling price of new cars in the United States shot up approximately fourteen% in December from the preceding year, driven by solid profits of luxury cars, car field consultancy Kelley Blue E book stated in a report on Tuesday.

The selling prices hit a file substantial of $forty seven,077 last thirty day period as new-motor vehicle inventory remained tight pursuing healthful buyer need, the report stated.

Income of luxury cars, which constituted 18.four% of full profits in December, typically maximize all through the last two months of the year, pushing the common selling prices higher, in accordance to the report.

The U.S. car field has been hit challenging by the world wide semiconductor shortage and offer chain snarls, leading to minimal inventory stages and skyrocketing selling prices amid solid buyer need.

For every single of the past six months, the common selling price paid out by customers was previously mentioned the manufacturer’s suggested retail selling price (MSRP) as dealers go on to hold selling prices at or previously mentioned MSRP, in accordance to the car specialist.

In the meantime, the common selling price for a new non-luxury motor vehicle was $43,072, a bit decreased than the file substantial established in November.

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