Tag: Impact

Average New-Vehicle Prices Up Nearly 3% Year-Over-Year in March 2020, Despite COVID-19 Impact on the Economy, According to Kelley Blue Book

IRVINE, Calif., April 1, 2020 /PRNewswire/ — The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $37,736 in March 2020. New-vehicle prices increased $972 (up 2.6%) from March 2019, while dropped $38 (down 0.1%) from last month.

“While the automotive industry and broader U.S. economy were brought to a near halt in March, average transaction prices remained stable from February and increased from this time last year, showing strength in line with the first two months of the year,” said Tim Fleming, analyst for Kelley Blue Book. “Prices were supported by the abundance of incentives quickly enacted by manufacturers and their captive finance companies, including 0% financing for 84 months and payment deferrals of up to 180 days.”

With most of the country encouraged to stay at home for at least another

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Five Ways COVID-19 May Impact The Future Of Infrastructure And Transportation

With each passing day, reports on rising total confirmed cases of COVID-19 continue to dominate the global conscience, and the novel coronavirus is now present on every continent except for Antarctica. And the resulting fear is more pervasive. Thousands of people have perished as the effects of COVID-19 touch us all: stock markets have cratered, millions have become unemployed (temporarily or soon-to-be permanently), the federal government has passed a multi-trillion-dollar aid package, and health care institutions are being stretched thin. To “flatten the curve,” millions of people around the globe are quarantined in their homes or elsewhere, while infrastructure and transportation systems that bonded us globally, nationally, and locally are being used more sparingly

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