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Average new-vehicle transaction price hits a whopping new peak in December

Elevated prices for products and higher borrowing rates led to record high transaction prices for new vehicles in December, with the average cost in the U.S. rising to a record $49,507, according to data from Kelley Blue Book released today. The report notes that ATPs — average transaction prices — have climbed above suggested retail prices — MSRPs — for more than a year. Sales volumes were up in December on a year-over-year basis by more than 5%, a situation Kelley attributed to improved supply. Overall sales for 2022, however, were off 8% year over year. “The transaction data from December clearly indicates overall prices showed no signs of coming down as we headed into year-end,” said Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. “Luxury prices fell slightly in December, but non-luxury transaction prices were up. Truck sales were particularly strong last month, and with many trucks selling for more than $60,000, a new record was all but inevitable.” Industry analysts claim the most obvious headwinds in the new car market are generated by higher interest rates, forced by the Federal Reserve's rate hikes intended to tame inflation, and by generally limited inventory. A recent report from J.D. Power showed that the average monthly payment for a new vehicle loan in December was $718, up $47 from a year ago. But 16% of consumers in December took out loans with monthly payments of over $1,000. Consumers think vehicles, and electric vehicles especially, are way too expensive. Fortunately, manufacturersÂ’ incentives, all but extinct in the past two years, are returning, especially in the electric-vehicle and luxury market, the Kelley data suggest. Plus, "With the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles,” Rydzewski said. Non-luxury brands, such as Honda and Kia, showed particularly strong performance in December, with the average price paid at $45,578 — a record high and an increase of $994 month over month. Meanwhile, the average luxury buyer paid $66,660 for a new vehicle last month. Mercedes-Benz and Land Rover showed the most price strength in the luxury market, transacting between 2.6% to 6.5% over sticker price. But luxury brands Audi, BMW, Infiniti, Lexus, Lincoln, and Volvo showed the least price strength with some discounting in effect, selling 1% or more below MSRP in December, according to the survey.

Mercedes CLA45 AMG Racing is ready for a spot on the grid

Mercedes-Benz trotted out its CLA45 AMG-based racer at the 2013 Frankfurt Motor Show. We first showed you the sedan in the deluge of news and reveals that precedes most good auto shows, and were blown away by the car, formally known as the CLA45 AMG Racing Series.
We were strolling by the Mercedes stand, and figured we'd pop in and take a look at the new racer and its carbon-fiber body panels, gutted interior, and race-sourced aero parts. It's a looker, both as a road car and a track weapon. It's not clear what series the CLA45 AMG will qualify for, although it does seem like a shoe-in for the World Touring Car Championship. Let us know what you think of the CLA racer down in the comments. In the meantime, we've got a full gallery of live images up top, along with the stock images that were posted last week on the Mercedes-Benz Facebook page.

Mercedes-AMG developing halo car with new 12-cylinder engine

The SLS AMG was once the jewel of the Mercedes-Benz performance lineup, a commanding supercar the presence of which could be felt a football field away. The AMG GT has taken that crown with its seductive 4.0-liter V8 biturbo engine – a veritable bulldog cloaked in an alluring silhouette. But Mercedes was always clear: this was a Porsche 911-fighter. It was even called a "baby SLS." Now it appears in the world of three-starred performance halo-cars, Mercedes may be playing its own Game of Thrones. To be clear, the GT will remain top dog for some time to come, and that lineup "will expand," we're told. A Black Series is still at least a year or more away, and we could see another model in the AMG GT family beyond that. But a recent conversation with a Mercedes-AMG product planner in Austria revealed that a new halo car is in the works, one that will slot above the GT. It will likely draw power from a new 12-cylinder that's now in development, one that will be mated to an electric motor and battery pack. This ultra-hybrid setup could boast the greatest performance of any Mercedes yet. Crucially, it will have better fuel economy, good enough to justify its existence in an increasingly stringent regulatory environment. As for the new 4.0-liter V-8 in the AMG GT, you can expect to see a lot more of it, starting with the E63 AMG, sometime after the next Mercedes-Benz E-Class launches next year. Related Video: