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From the Wall Street Journal:
Emboldened by stronger sales, U.S. auto dealers are now selling vehicles at historically high prices, sending the industry’s recovery into the fast lane.
U.S. consumers are paying 11 percent more on average for a new vehicle, to a record $28,341, up from $25,505 on average in 2008, according, according to the J.D. Power and Associates’ 2012 annual automotive industry outlook released on Friday. Incentives, which usually come in the form of discounts or cash on the hood, have dropped to $2,680 from $3,018, it said.
Get the full story: wsj.com >>
