- The average transaction price for a vehicle sold in the U.S. fell 2.2% M/M and 0.8% Y/Y in June, according to Truecar.com.
- Perhaps a surprise given the overload of recall news, but General Motors (GM) was the automaker which showed the biggest increase in average transaction price over the last year (partially due to mix). Ford (F) and Toyota (TM) also scratched out gains, while Nissan (NSANY) and Volkswagen (VLKAY) went in the other direction.
- GM's level of incentive spending was also 11.9% lower than a year ago.
- Hyundau (HYMLF) increased incentive spending by 43% to over $2K per vehicle in an effort to defend market share.
U.S. auto sales: Industry prices lower, but don't blame GM
From other sites
at MarketRealist.com (Wed, 11:06AM)
at 4-traders.com (Wed, 2:16AM)
at 4-traders.com (Wed, 2:12AM)
at 4-traders.com (Tue, 8:15PM)
General Motors : Used 6T60 Transmissions for GM Vehicles Now Sold Online at Top Second Hand Gearbox Websiteat 4-traders.com (Tue, 3:54PM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs