The average new-car retail sales price in 2022 climbed 9.2 percent to $46,287, the report found.
Inflationary pressure throughout the supply chain and limited chip supply helped drive up new-vehicle prices, Manzi said, noting automakers in many cases chose to build higher-margin vehicles with the available chips.
“Looking ahead into this year, I think as the chip supply improves, we will see OEMs again able to build more affordable vehicles, more entry-level models, lower-trim vehicles,” he said. “Whether they do or not, that can still be up for debate, but I think the ability to do that will improve as the chip and other supply chain issues lessen throughout the year.”
Inflation is still a factor, but the industry likely will see a less dramatic year-over-year retail price increase in 2023, Manzi said.
Total sales revenue per dealership in 2022 was up to $71.9 million from $71 million in 2021. New vehicles represented 49.7 percent of total sales, with used vehicles accounting for 38.3 percent and service and parts sales accounting for 12 percent. Those percentages are similar to the 2021 breakdown.
