Automobile prices on new vehicles once again lagged overall consumer inflation, down 0.3% M/M in...

|By:, SA News Editor

Automobile prices on new vehicles once again lagged overall consumer inflation, down 0.3% M/M in February and only up 1.1% compared to a year ago. Though automakers have been making a big deal on their earnings conference calls about being less promotional in recent quarters, today's CPI report showed the largest monthly drop in new car prices since 2010.