New car sales
Demand continues to fuel prices.
"June 24 (Reuters) - The cost of buying a new vehicle in the United States is set to hit an all-time high in June as automakers faced with raw material shortages ramp up prices to cater to healthy demand, an industry report showed on Friday."
"Buyers will have to shell out a record $45,844 on average in June, 14.5% higher than last year, according to the report from auto industry consultants J.D. Power and LMC Automotive."
"Vehicles continue to sell quickly and a significant number of vehicles are being ordered - or purchased - by buyers before they arrive at the dealership," Thomas King, president of the data and analytics division at J.D. Power, said in a statement."
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