Thursday, April 18, 2024

'Auto Trends' Talks To Bloomberg Intelligence About New Vehicle Affordability And More

Bloomberg Intelligence Global Director of Automotive Research Kevin Tynan

For car buyers who have been out of the market since the pandemic, they might be somewhat alarmed when price shopping for a vehicle. The question everyone seems to be asking is when will new car prices begin to slide in reverse. This week on Auto Trends with, Bloomberg Intelligence's Kevin Tynan, who is also known as a senior auto analyst, joins us to recap the first quarter sales, while discussing vehicle affordability. 

After a C-Suite Toyota executive announced in 2023 that the average price of a new vehicle would top $50,000, we'll deliberate about where average transaction prices are currently in 2024, as we examine non luxury, luxury and fully electric vehicle prices, as compared to 2021, when consumer demand outstripped inventory.

Moreover, we'll talk about what car buyers should expect, as the automotive industry reexamines the path forward to meeting March's revised EPA regulations. Will we see more electric vehicles, hybrids and/or gasoline only vehicles being built by the auto industry? 

Lastly, for those consumers who are ready to become pioneers, we'll let them know the segment that is offering the greatest incentives as well as the two cars with an average transaction price under $20,000. 

Tune in, as we bring consumers up to speed, as we embark upon, what is expected to be a hot spring and summer selling season. 

Airs On SiriusXM And Free On Other Radio Outlets

To Tune In 

To hear the conversation, tune in to Auto Trends with on Saturday, April 20 thru Thursday, April 25. The program will air on SiriusXM 141 and on several FM radio outlets. To access the schedule, click here.

To Listen To The Conversation On Demand:

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