Phase space | Jotup

No End in Sight: New-Vehicle Transaction Prices End 2022 at Record Highs, According to New Data from Kelley Blue Book

Retrieved on:

Wednesday, January 11, 2023

December 2022 average new-vehicle transaction prices (ATPs) increased month over month to end 2022 up 4.9% from year-ago levels.

Key Points:

December 2022 average new-vehicle transaction prices (ATPs) increased month over month to end 2022 up 4.9% from year-ago levels.
Electric vehicle (EV) prices decreased more than $3,500 month over month as Tesla slashed prices in a year-end sales push.
New-vehicle inventory levels are increasing from historic lows earlier in 2022, but prices remain elevated, according to data released today by Kelley Blue Book, a Cox Automotive company.
The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average.

2023 Predictions: Edmunds Experts Forecast 14.8 Million New Vehicles Will Be Sold in New Year

Retrieved on:

Wednesday, December 14, 2022

ATP, MSRP, Sport utility vehicle, Life, CPO, APR, EV, Research, Phase space, Love, SUV, Work, Eye, Fed, Propane, Security (finance), Cryptocurrency, Phosphorus, Online shopping, Weaving, Insurance

SANTA MONICA, Calif., Dec. 14, 2022 /PRNewswire/ -- The car shopping experts at Edmunds expect pent-up consumer demand and rising inventory levels to support new vehicle sales, forecasting that 14.8 million new cars will be sold in 2023. The forecast, drawn from Edmunds data, represents a 7% increase from their estimate of 13.8 million new vehicle sales in 2022.

Key Points:

The forecast, drawn from Edmunds data, represents a 7% increase from their estimate of 13.8 million new vehicle sales in 2022.
Edmunds experts note that the drop in price is concentrated across larger trucks, SUVs and luxury vehicles, whereas there is still increased demand for lower-priced mainstream vehicles.
Edmunds data reveals that lease penetration fell to 17.4% in November 2022 compared to 28.3% in November 2019, and Edmunds experts expect the gap to continue widening.
Regarded as one of America's best workplaces by Fortune, Great Place to Work and Built In, Edmunds is based in Santa Monica, California.

As Luxury Share Grows, New-Vehicle Prices Hit Record High in November, According to Latest Kelley Blue Book Average Transaction Price Data

Retrieved on:

Monday, December 12, 2022

According to data released today by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681.

Key Points:

According to data released today by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681.
According to Kelley Blue Book calculations, new-vehicle ATPs have been higher than the average manufacturer's suggested retail price (MSRP), also known as the sticker price, since July 2021.
Average Prices for Luxury Cars Increase More than $400 in November, Hit Record
Strong luxury vehicle sales have been a primary reason for overall elevated new-vehicle prices.
The average new EV price was $65,041, according to Kelley Blue Book estimates, well above the industry average and aligning more with luxury prices versus mainstream prices.

Consumers Pay More for Both Non-Luxury and Luxury New Vehicles in October, According to Latest Kelley Blue Book Average Transaction Price Data

Retrieved on:

Wednesday, November 9, 2022

The Kelley Blue Book new-vehicle average transaction price (ATP) increased to $48,281 in October, slightly lower than the revised all-time high of $48,301 set in August.

Key Points:

The Kelley Blue Book new-vehicle average transaction price (ATP) increased to $48,281 in October, slightly lower than the revised all-time high of $48,301 set in August.
According to Kelley Blue Book calculations, October marks a record 17th straight month that new-vehicle ATPs were higher than the average manufacturer's suggested retail price (MSRP), also known as the sticker price.
In October 2022, the average luxury buyer paid $66,645 for a new vehicle, up $331 from September when luxury ATPs reached $66,314.
The average new EV price was $64,249, according to Kelley Blue Book estimates, well above the industry average and aligning more with luxury prices versus mainstream prices.

New-Vehicle Average Transaction Prices Fall for First Time in Five Months After Recently Hitting Record High, According to Kelley Blue Book

Retrieved on:

Wednesday, October 12, 2022

The Kelley Blue Book new-vehicle average transaction price (ATP) decreased to $48,094 in September, slightly lower than the previous high of $48,240.

Key Points:

The Kelley Blue Book new-vehicle average transaction price (ATP) decreased to $48,094 in September, slightly lower than the previous high of $48,240.
September prices dipped 0.3% ($146) month over month from August, but were up 6.1% ($2,775) year over year from September 2021.
According to Kelley Blue Book calculations, September marks a record 16th straight month that new-vehicle ATPs were higher than the average manufacturer's suggested retail price (MSRP), also known as the sticker price.
The average new EV price was $65,291, according to Kelley Blue Book estimates, well above the industry average and aligning more with luxury prices versus mainstream prices.

Fullstack Academy Joins AWS Authorized Training Partner Program

Retrieved on:

Wednesday, September 14, 2022

Fullstack Academy , a national tech education provider, announced today it has joined the Amazon Web Services (AWS) Authorized Training Partner program.

Key Points:

Fullstack Academy , a national tech education provider, announced today it has joined the Amazon Web Services (AWS) Authorized Training Partner program.
AWS Training Partners (ATP) are the only organizations that can deliver or offer official AWS Training through their AWS Authorized Instructors (AAI).
As an ATP, Fullstack Academy will integrate AWS Training and Certification into several of its existing bootcamp programs.
By becoming an AWS Authorized Training Partner, Fullstack Academy is better able to support our students and alumni looking to develop the in-demand skills needed to implement cloud solutions.

New-Vehicle Prices Increase for Fifth Straight Month, Set Record Again in August, According to Kelley Blue Book

Retrieved on:

Monday, September 12, 2022

ATP, Ram, Fiat, Kia, Honda, Face, Kelley Blue Book, Volvo, MSRP, Industry, Buick, EVS, Land Rover, Phase space, Lincoln, Alfa Romeo, EV, Research, Cox Automotive, Hyundai, Retail, Gasoline, Taxicab, Inventory, Stellantis

The Kelley Blue Book new-vehicle ATP increased to $48,301 in August 2022, beating the previous high of $48,080 set in the prior month.

Key Points:

The Kelley Blue Book new-vehicle ATP increased to $48,301 in August 2022, beating the previous high of $48,080 set in the prior month.
August 2022 prices rose 0.5% ($222) month over month from July, and 10.8% ($4,712) year over year from August 2021.
Luxury buyers continue to pay more than MSRP for new vehicles, although prices are trending closer to sticker prices.
The average price for a new electric vehicle over $66,000, according to Kelley Blue Book estimates remains well above the industry average, aligning more with luxury prices versus mainstream prices.

Car Shoppers Can Look Forward to Cooling Used Car Prices This Labor Day Weekend, According to Edmunds

Retrieved on:

Tuesday, August 30, 2022

Calendar, Labour, Phase space, Pressure, Research, Industry, ATP, Phosphorus, Ridesharing company, Retail

SANTA MONICA, Calif., Aug. 30, 2022 /PRNewswire/ -- Consumers who have been delaying purchasing a vehicle in 2022 could start to find some relief in the used car market this Labor Day weekend. According to the car shopping experts at Edmunds:

Key Points:

According to the car shopping experts at Edmunds:
Across more than 200 3-year-old vehicle models1, Edmunds data shows that 92.8% experienced a price drop in July compared to their peak ATP in 2022.
The average transaction price (ATP) for 3-year-old vehicles was $31,302 in July, a 4.6% decrease, or $1,526, compared to their peak ATP of $32,828 in January.
Edmunds analyzed ATPs for 3-year-old vehicles in July and compared those to their respective peak monthly ATPs in 2022.
"Car shoppers can't expect to find anything close to the doorbuster bargains of pre-pandemic Labor Day sales, but they can at least look forward to used car prices softening across the board heading into the holiday weekend," said Jessica Caldwell, Edmunds' executive director of insights.

CertiProf Introduces the Certified Trainer Program

Retrieved on:

Wednesday, August 24, 2022

SUNRISE, Fla., Aug. 24, 2022 /PRNewswire/ -- CertiProf, a leader in professional certifications, continues to expand their programs portfolio by introducing its Certified Trainer Program (CTP) .

Key Points:

SUNRISE, Fla., Aug. 24, 2022 /PRNewswire/ -- CertiProf, a leader in professional certifications, continues to expand their programs portfolio by introducing its Certified Trainer Program (CTP) .
The Certified Trainer Program aims to close the gap between professionals who seek to get trained on specific topics, Authorized Trainer Partners who are in the look of trainers, and trainers who want to boost their international reach.
"Thanks to the Certified Training Program, we create a bridge between our Authorized Training Partners and Certified Trainers to ensure our ATPs can provide training on our entire certificate portfolio.
With the Certified Training Program, we can ensure both our Authorized Trainer Partners and Certified Trainers are connected and can have a wider reach worldwide.

New-Vehicle Prices Set Record in July 2022, According to Kelley Blue Book, as Inventory Improves Year-Over-Year and Luxury Share Remains Elevated

Retrieved on:

Wednesday, August 10, 2022

Buick, Kelley Blue Book, Ram, Industry, Alfa Romeo, Cox Automotive, Kia, Hyundai, Research, ATP, Volvo, MSRP, EV, Phase space, Land Rover, Lincoln, Honda, Fiat, Sport utility vehicle, Retail, Taxicab

Inventory improves year-over-year but remains low; incentives increased slightly in July over June 2022, but remain muted, averaging only 2.4% of the average transaction price.

Key Points:

Inventory improves year-over-year but remains low; incentives increased slightly in July over June 2022, but remain muted, averaging only 2.4% of the average transaction price.
The Kelley Blue Book new-vehicle ATP increased to $48,182 in July 2022, beating the previous high of $48,043 set last month.
Still, with roughly 1.1 million units in inventory in the U.S., new-vehicle inventory remains significantly below levels seen in 2020 and 2019.
The average price for a new electric vehicle over $66,000, according to Kelley Blue Book estimates remains well above the industry average and more aligned with luxury prices versus mainstream prices.