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Mar 29 - Toyota executives believe we'll be paying $50,000 average transaction prices soon



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 2 months ago '07        #1
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iswerve  topics gone triple plat - Number 1 spot x3
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Mar 29 - Toyota executives believe we'll be paying $50,000 average transaction prices soon
 

 

Even casual observers of the automotive industry have surely noticed how quickly the average cost of a new car in America has risen since the global Covid-19 pandemic. Nearly every single month has brought news of a new high pricing bar, and while there have been signs that things may cool off, top sales executives at Toyota don't seem to think that's going to happen. Speaking to reporters while giving an update on Toyota and Lexus sales results, Jack Hollis, head of sales for Toyota Motor North America, suggested that average transaction prices "will continue to grow" above $50,000.

If you think that sounds crazy, well, you're not alone. But you also may be surprised to hear that we're not very far off that number right now. As of January of this year, the average transaction price for a new car in America sat at $49,507. And yes, that's a record. Singling out luxury models like those sold by Lexus, the average price last sat at a devilish $66,660.

Hollis further went on to say that the used vehicle market will also continue with strong demand, due in no small part to the continued lack of enough new vehicles to sell. Americans would buy as many as 17 million new vehicles this year, Hollis said, but instead, due to supply constraints, "we'll sell around 15 [million], so that means there's another 2 million vehicles added to pent-up demand." Put another way, don't expect used cars to get any cheaper, either, although some models have come off their staggering highs of a year ago.

Fortunately, not all used vehicles are priced through the roof. If you need a more reasonably priced set of new-to-you wheels, take a look at our list of the best used cars to buy in 2023. For more on Toyota's outlook for 2023, head on over to Automotive News. And if you're in the market for a new car ... hold on to your butts.



visit this link https://www.autoblog.com/ .. ed-car-values/
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149 comments

 2 months ago '20        #2
Xiox  topics gone triple plat - Number 1 spot x1
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Does the tariffs on Chinese steel & aluminum factor in
+3   

 2 months ago '12        #3
bpw5009 
Props total: 691 691  Slaps total: 40 40
I think they are right. Price of cars just keeps going up.
+28   

 2 months ago '20        #4
Slymm  topics gone triple plat - Number 1 spot x4
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E bikes gonna be everywhere
+33   

 2 months ago '16        #5
postemupndunkit 
Props total: 93393 93 K  Slaps total: 11269 11 K
Ppl can't afford this sh*t.... bottomline.
+39   

 2 months ago '04        #6
ddash 
Props total: 109215 109 K  Slaps total: 7698 7 K
 Slymm said
E bikes gonna be everywhere
More like that and I Walks lol
+14   

 2 months ago '09        #7
GREAT1NE  topics gone triple plat - Number 1 spot x1
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“You will own nothing and be happy”
+70   

 2 months ago '22        #8
Qwietazkept 
Props total: 8418 8 K  Slaps total: 738 738
Snagging me a $2500 cash car and staying out the way.
+65   

 2 months ago '05        #9
carden2 
Props total: 12734 12 K  Slaps total: 1902 1 K
Tons of cheap used cars if you can YouTube basic repairs and do some maintenance. Folks will trade their car in cause it needs brakes and tires or it has a blown fuse or needs a sensor replaced. Tons of ads like used car runs good but needs sensor lol but they don’t have time
+24   

 2 months ago '16        #10
kuul  topics gone triple plat - Number 1 spot x12
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They believe they're fu*king us over in the future.
+5   

 2 months ago '22        #11
SeanDon122  topics gone triple plat - Number 1 spot x1
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With what money
+16   

 2 months ago '05        #12
Soprano ATL  topics gone triple plat - Number 1 spot x4
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 Xiox said
Does the tariffs on Chinese steel & aluminum factor in
Prices have come down considerably on both within the last 18 months, even with the tariffs. The RMB has also weakened quite a bit against the USD, increasing our buying power.
+5   

 2 months ago '18        #13
BlackjesuS  topics gone triple plat - Number 1 spot x1
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 Slymm said
E bikes gonna be everywhere
Bruh my stepdad over there going qvc crazy
copped 3 of them already talking bout the cost of gas and a new Denali in the same sentence
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 2 months ago '05        #14
carden2 
Props total: 12734 12 K  Slaps total: 1902 1 K
If anyone don’t know what to look for just find any Toyota, Honda or truck from 1998-2012 and sh*t will last forever. It’s like right before sh*t started getting super electrical with cvt and sh*t. TRQ YouTube page is k*ller for instructional videos
+35   

 2 months ago '19        #15
Megaman 
Props total: 9865 9 K  Slaps total: 9588 9 K
similar strategy to the VAG Group.

investors want at minimum 20% return.


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 2 months ago '05        #16
NNatic 
Props total: 244 244  Slaps total: 65 65
Prices keep going up because people keep on taking longer and longer and longer loans to be able to "afford" the nice car they want keeping them forever in debt.
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 2 months ago '22        #17
YtmansFather 
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 carden2 said
Tons of cheap used cars if you can YouTube basic repairs and do some maintenance. Folks will trade their car in cause it needs brakes and tires or it has a blown fuse or needs a sensor replaced. Tons of ads like used car runs good but needs sensor lol but they donít have time
 carden2 said
If anyone donít know what to look for just find any Toyota, Honda or truck from 1998-2012 and sh*t will last forever. Itís like right before sh*t started getting super electrical with cvt and sh*t. TRQ YouTube page is k*ller for instructional videos
Does your family know you just be dropping gems on the internet fam
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 2 months ago '21        #18
Tlatoani  topics gone triple plat - Number 1 spot x1
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 Qwietazkept said
Snagging me a $2500 cash car and staying out the way.
I'm still pushing my grandpa whip from 2016 that cost literally that
+5   

 2 months ago '05        #19
240sx 
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Naw we won’t …
+5   

 2 months ago '17        #20
LurkinSince2012 
Props total: 13226 13 K  Slaps total: 841 841
I’m not paying that only a sucker would
+9   

 2 months ago '18        #21
shooter  topics gone triple plat - Number 1 spot x16
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$25k Model 2 Tesla coming next year.
Or just grab a $25k used model 3 today.
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 2 months ago '19        #22
JBigDawg  topics gone triple plat - Number 1 spot x5
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 GREAT1NE said
“You will own nothing and be happy”
Agenda 2030 otw soon thankyou WEF

Look up 15-minute cities too sh*t is a trip
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 2 months ago '21        #23
Tlatoani  topics gone triple plat - Number 1 spot x1
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 carden2 said
If anyone donít know what to look for just find any Toyota, Honda or truck from 1998-2012 and sh*t will last forever. Itís like right before sh*t started getting super electrical with cvt and sh*t. TRQ YouTube page is k*ller for instructional videos
I swear then late 80s and early 90s Ford and Chevy pick ups still put in major work.
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 2 months ago '14        #24
Aries  topics gone triple plat - Number 1 spot x18
Props total: 69522 69 K  Slaps total: 8220 8 K
All im buying for now are used trucks/suvs...

My Expedition almost ran 300k miles, i absued her and still drove fine...

Next i'll get like a nice old tahoe, yukon or sequoia etc. and take care of her
+12   

 2 months ago '05        #25
BurninLz 
Props total: 14852 14 K  Slaps total: 1226 1 K
yes, that's how inflation works lol What happens when you print 60% off all the dollars to ever exist in one year
+12   



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