Consumers Pay Whatever it Takes, Vehicle Prices Go Nuts, Dealers Make Record Profits, Whole Mindset Changed. Is This Inflation Temporary? | Wolf Street

So the average transaction price (ATP) of new vehicles in June jumped 14.9% from a year ago, to $40,206, according to J.D. Power estimates. The surging ATP is a measure of price increases, reduced incentives by automakers, and customers getting shifted into more expensive models:

Consumers Pay Whatever it Takes, Vehicle Prices Go Nuts, Dealers Make Record Profits, Whole Mindset Changed. Is This Inflation Temporary? | Wolf Street