Having a private car or vehicle is so useful, especially for transportation purposes and to save time like when you will go to work, buy goods or any items at a convenience store, or fetch your children at school. Whatever the reason is, this mode of transportation is important but choosing the best and of good quality is also crucial. There’s a big consideration of its maintenance cost and how car owners take good care of their cars. This short write-up is all about the latest ATP update of new vehicles for November.
NEW-VEHICLE ATP
Based on the latest data released by Cox Automotive Company in the person of Kelley Blue Brook, the ATP or average transaction price for a new vehicle in the US for November 2022 is $48,681. There’s an increase of 0.9% from its previous month’s ATP which simply means that inventory levels of new vehicles are improving.
This increase in ATP indicates that there are no signs of going down for December. There are now different vehicles waiting to be purchased in the market nowadays and these mixtures of vehicles still favor higher trim levels and expensive models.
WHY DO PEOPLE CHOOSE TO BUY NEW VEHICLES?
Buying new vehicles becomes an in-demand property to have since there are more people nowadays who love to travel to other places and even visit their loved ones after the pandemic. People prefer to buy new cars even if the price can be costly just to ensure the quality and durability of their parts. What matters to them is the number of years the car will be used and to minimize paying for repairs and maintenance costs. The demand for new vehicles keeps on increasing as more people have the buying power to buy and meet their current demands and purposes.
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