Nancy Dunham highlights some stats from Kelley Blue Book and Cox Automotive Inc. in this WardsAuto article relating to what consumers are paying for the limited new-car inventory on dealer lots.

She also highlights what Cox Automotive Inc. shares about when we should expect (and what) price drops. Average gross profits per new-car sales from the Q1 2022 Haig Report are also referenced, "Average gross profit was $6,244 per new-car sale in first-quarter 2022, 180% higher than during what Haig calls the "pre-chipdemic" of 2019."

Read the full article at WardsAuto [may require a subscription].