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Sale prices of new luxury cars decline 3.3pc y-o-y in August: KBB

Price decreases in the luxury segment are said to be buoyed by U.S. automaker Tesla’s various “aggressive” cuts across its lineup. Image credit: Cox Automotive Price decreases in the luxury segment are said to be buoyed by U.S. automaker Tesla’s various “aggressive” cuts across its lineup. Image credit: Cox Automotive

 

Vehicle valuation company Kelley Blue Book (KBB) reports that the steepest negative change in luxury automobile costs of the past decade took place last month.