—potentially the result of high gas prices. Hybrid vehicles saw an increase of 14% above normal since early March, setting the average sale price at $49,213. Diesels were generally more expensive than hybrids, but traditional gasoline-powered cars sold at a rate of around $8000 lower than hybrids and $25,000 less than EVS.
Foreign vehicles are selling at significantly lower premiums than domestically manufactured cars. The average premium for a foreign vehicle was $8088 and it was largely set that high bymodels demanding an average $10,034 premium per sale. Even so, the price premium for domestic brands averaged out to $9752, with Ram taking the top slot at $11,390.
Source: Car News Wire (carnewswire.net)
After paying $3200 for my first new car it’s hard to believe I just paid $32000 for an average used car.