November

New car prices hit record $46,329 in November

Average transaction prices (ATP) for new cars hit an all-time high of $46,320 in November, marking the eighth consecutive record-setting month.

New car inventories remain low amid the ongoing production shortage.  (Luke Sharrett/Bloomberg via Getty Images)

According to Kelly Blue Book, the figure marks a 13.2% increase from November 2020, when it was $40,937.

Sales are down due to short supply, which has reduced incentives as the continuing consumer shift from cars to SUVs and trucks has helped drive up the ATP.

Cars comprised just 21.7% of November sales, down from nearly 30% during the same month in 2018, but even subcompact cars saw increases of 16.7%.

USED CAR PRICES WILL CONTINUE TO RISE AMID MANUFACTURING SHORTAGE, CEO SAYS

“High prices and limited choices likely are keeping many car buyers on the sidelines,” Cox Automotive analyst Kayla Reynolds said.

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Nutson Weekly Auto News Wrap-up November 7, 2021


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AUTO CENTRAL CHICAGO – November 7, 2021: Every Sunday Larry Nutson, The Chicago Car Guy and Executive Producer, with able assistance from senior editor Thom Cannell from The Auto Channel Michigan Bureau, compile The Auto Channel’s
“take” on this past week’s automotive news, condensed into easy to digest news Nuggets.

LEARN MORE: Full versions of today’s news nuggets along with almost a million pages of the past 25 year’s automotive content, news, articles, reviews and archived relevant stories residing in
The Auto Channel Automotive News Library can be found by just copying a headline and then inserting into any Site Search Box.

Nutson’s Automotive News Wrap-up – Week Ending November 6, 2021; Below are the past week’s important, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as
expertly crafted easy-to-digest news nuggets.

* From Reuters we read that U.S. traffic deaths soared by 18.4% in the

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U.S. Stocks Finish Best Week Since November

By Paul Vigna and Caitlin Ostroff 

U.S. shares rose Friday, with the S&P 500 notching its best week since November, as investors pivoted to focus on a possible new stimulus package and shook off some of the razzmatazz in individual stocks that marked the previous month of trading.

The Dow Jones Industrial Average gained 0.3% to 31148. The S&P 500 climbed 0.4%, hitting a record high for the second day in a row. The benchmark is up more than 4.6% this week, its biggest one-week gain since the week ending Nov. 6.

The tech-heavy Nasdaq Composite rose 0.6% to a record and also closed its best week since Nov. 6.

The heavily traded stocks at the center of a social-media spectacle have lost some of their steam. GameStop rose 19%, after falling by 30% or more for three of the previous four trading days. It’s down 80% for the week,

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