New-car prices inch up, EV prices tumble in June

New-car prices inch up, EV prices tumble in June

Persistent demand for trucks and SUVs has caused prices to rise while Tesla’s price reductions have caused electric vehicles to become less expensive.

Key findings

New-vehicle prices climbed 3% year over year, averaging $37,285 in June.

“Light trucks and SUVs are estimated to account for more than 70% of June sales, up from 68% in the year-prior period.”

EVs experienced a year-over-year 18.8% drop in average transaction price in June, to $55,600 from $68,500.

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