J.D. Power Manufacturers And Retails Bring Record Profits Car Prices Soar
“For June, new-vehicle prices continue to set records, with the average transaction price expected to reach $45,844—a 14.5-percent increase from a year ago and the highest level on record,” said Thomas King, president of the data analytics division at J.D. Power in a press release. “Consequently, even though the sales pace is down 18.2 percent year over year, consumers will spend $44.3 billion on new vehicles this month, the second-highest level ever for the month of June but slightly down 2....