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WSJ: New-Car Prices Hit Record Highs In May

WSJ [includes data chart[: “Auto sales dropped in May, but the prices consumers paid for new cars were higher than ever. According to estimates by TrueCar.com, an industry research and forecasting company, the average transaction price for passenger vehicles in the U.S. totaled $29,817 in May, an increase of $608 or 2.1% compared with a year ago and up $215 from last month. Higher prices in part reflect a tighter supply of vehicles and a trend toward cars with more extra-cost equipment.”

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