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Discounting is up, but so are average transaction prices

According to the automaker, “unique mud accumulation” in the rear frame pocket where the toe link attaches to the frame is to blame for the recall. The mud buildup can impede “articulation of the rear suspension toe link which may result in toe link fracture.” “A vehicle with a fractured toe link may experience noise, unusual vehicle handling characteristics, increasing the risk of a crash.” At least three accidents, including one with injuries, are linked to the mud damaged suspension. Recalled vehicles will be fitted with redesigned rear toe links

Key Takeaways:

  • The auto industry’s longest growth streak in a century looks to be finished, seven years after it started.
  • One factor was a slight pullback in incentives from recent months, easing concerns that automakers could lure each other into a damaging price war as the market slows.
  • Although discounts remain high by historical standards, their negative effects have been mitigated by the fact that prices keep rising

“Four months into 2017, U.S. new-vehicle sales have declined four consecutive times. The auto industry’s longest growth streak in a century looks to be finished, seven years after it started.”

https://www.autonews.com/article/20170508/RETAIL01/305089965/discounting-is-up-but-so-are-average-transaction-prices