New <b>Car Prices</b> Fell in January - Ford (NYSE:F) - 24/7 Wall St. |
| New <b>Car Prices</b> Fell in January - Ford (NYSE:F) - 24/7 Wall St. Posted: 03 Feb 2014 09:17 AM PST The January average sales price for a light vehicle fell 1.4% to $32,391 from $32,855 in December. Sales prices rose by about 0.6% month-over-month in December.Carmakers, on average, sold each vehicle for $464 less than in December. Year-over-year, however, January 2014 prices averaged 1.5% higher ($479) than January 2013 prices. Of the few automakers posting pricing gains in January, Ford Motor Co. (NYSE: F) posted a month-over-month price gain of 1.4% and a year-over-year gain of 3.5%. The U.S. division of Honda Motor Corp. (NYSE: HMC) saw a modest 0.2% monthly price hike and a 2% gain over January of 2013. A senior analyst at Kelley Blue Book (KBB), which released the data Monday morning, said:
KBB notes that Ford plans to introduce 16 new models in 2014 and that should help the company keep prices rising through the year. Among these are a new Mustang and a new F-150 series pickup, both expected to be good sellers for Ford. General Motors Co. (NYSE: GM) saw its average price fall 1.9% month-over-month, but the year-over-year price is up 2.1%, from a year ago average of $34,882 to $35,628. GM has been wary of offering incentives to prospective buyers as the company chases profit rather than volume. Chrysler Group LLC posted a 1.7% month-over-month price decline, but a 3.4% gain year-over-year. The company's 8% sales gain in January on continuing strength from the Jeep and Ram truck redesigns. Toyota Motor Corp. (NYSE: TM) also posted a month-over-month price decline of 4.2% and a year-over-year price gain of 3.3%. Volkswagen AG experienced the poorest January, with a price decline of 5.3%. Compared with January 2013, prices were flat. The company's aging product lines are hoping to get some help from the VW ad broadcast during yesterday's Super Bowl. Nissan has had a tough year in the U.S., with year-over-year pricing down 1.3%, the only carmaker to post a drop since last January. Compared with December prices fell 2.3% in January. |
| Used Tesla <b>Cars</b> Can <b>Cost</b> $30000 More Than <b>...</b> - Business Insider Posted: 05 Feb 2014 01:04 PM PST ![]() Tesla Motors Although the Model S was launched just two years ago, "it seems to be in great demand" said Phong Ly, CEO of iSeeCars.com, which helps shoppers find good deals on used cars and produced the report. Buyers of used Teslas are paying over $99,000 on average, while the car can be had new for as little as $63,570, after a $7,500 federal tax credit. In contrast, the average sale price for a used Nissan Leaf or Chevy Volt is below the car's MSRP. Ly speculates that the Tesla discrepancy comes from the fact that most Model S sedans sold likely cost well above that $63,000 mark. The version with the most powerful battery (and largest range) starts for $85,900. A fully loaded Model S costs around $110,000. Prices for used models may also be inflated, Ly said, by the relative scarcity of the Model S on the road. Tesla CEO Elon Musk has said "we really are production constrained, not demand constrained." So those who don't want to wait on line for a Model S may be willing to pay more for a used one, especially since it's going to be at most two years old. According to iSeeCars, the average mileage on used Teslas sold is just 3,700 miles. |
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