Inflation Buster: New-Vehicle Prices Continue to Trend Lower, Are Down Nearly 1% Year Over Year in May, According to Kelley Blue Book Estimates

New-vehicle prices in the U.S. continue to trend lower versus year-ago levels; prices last month were, on average, nearly 1% below levels recorded in May 2023. Incentives increased in May to an average of 6.7% of the average transaction price – approximately $3,200 – the highest level in…