The average transaction price for a new vehicle fell last month — the 10th straight month of declines as the push by automakers to rebuild inventories exerts pressure on prices. As more and more vehicles sit longer and longer on lots, automakers offer higher incentives to move new metal. Find out more at Headline.News.
Vehicle prices have surged at a record pace over the last decade, rising more than 50%, and pricing many potential buyers out of the market. To give them an alternative, Honda and its upscale sibling Acura are upgrading their certified pre-owned program, not only offering near-new models but adding more ways to finance them, including leasing – as well as the ability to shop for them online, the two brands announced Thursday.