![](https://world-of-cars.net/wp-content/uploads/2023/04/average-new-vehicle-transaction-price-falls-below-msrp-after-nearly-two-years.jpg)
New vehicles’ average transaction price fell below the manufacturer’s suggested retail price (MSRP) for the first time in 20 m onths, according to data published by automotive research company Kelley Blue Book.
New vehicles’ average transaction price fell below the manufacturer’s suggested retail price (MSRP) for the first time in 20 m onths, according to data published by automotive research company Kelley Blue Book.
Vehicle prices turned hot after a pandemic-driven supply chain snag and an increased demand for private car
The average transaction price of a new vehicle in the U.S. declined 1.1% in March to $48,008 from February’s $48,558. However, March prices were up 3.8% when compared to a year earlier.
Top global automakers, except Toyota, reported a rise in first-quarter U.S. sales on improving shipments to dealers as vehicle inventories improve.
“Right now, in-market consumers are finding more inventory, more choice and dealers more willing to deal, at least with some brands,” said Rebecca Rydzewski, auto-industry researcher at Kelley Blue Book’s parent firm Cox Automotive.
In March, the average price for a new non-luxury vehicle, which includes brands such as Chevrolet