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Dec. 22, 2024
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Automotive

Kelley Blue Book reports rising vehicle prices despite limited stock

September 13, 2022

August's average price paid for a new vehicle in the U.S. tops the previous, in a record streak for the automotive industry. Image credit: Kelley Blue Book

 

By Luxury Daily News Service

Vehicle valuation company Kelley Blue Book is reporting that the average price paid for a new vehicle in the U.S. during August has topped records for the fifth straight month, passing July’s high at over $48,000.

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