NEW CARS SOLD

(units in millions)

In July 2024, 1.29 million new vehicles were estimated to have been sold across the United States. This marks a 3.4% decrease from June and a 1.3% decrease compared to July 2023.

AVERAGE NEW VEHICLE PRICES

Cars prices have begun to dip this month, following record-high rates in recent months. In July 2024, the average price of a new car was $48,166, a 0.5% decrease from June and a 0.7% decrease from July 2023.