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    August 2022 National Auto Sales And Average Transaction Prices

    Auto sales rose 4.8% in August, based on automakers that report sales on a monthly basis.  Ford continued back-to-back double digit monthly increases, and Hyundai and Kia also recorded gains.  Toyota and Honda continue to struggle with a lack of microchips.

    We will get a look at all automakers numbers when September sales are reported.

    August 2022 Sales By Reporting Brands


    Here are the sales numbers for the car companies that report monthly, and how that compares to August of 2021:

    1. Ford 150,669    27%
    2.  Toyota 147,873    8%
    3. Kia 66,089  22%
    4. Hyundai 64,355   15%
    5. Honda 63,924   36%
    6. Subaru   50,126  2%
    7. Mazda   25,426   7%
    8. Lexus 21,753   20%
    9. Volvo 8,136    24%
    10. Acura 7,537   47%
    11. Lincoln 6,393   24% 
    12. Genesis 5,102     3%

     

    Average Transaction Prices

    On average, car prices were up 10% over August of 2021.  Only Daimler, the parent Company of Mercedes-Benz showed a decrease in prices, Kia showed a 14% increase in transaction prices, which was the highest.

    Here are the average August 2022 transaction prices by car company and how that compares to prices for August of 2021, in alphabetical order:

    BMW $66,141      8%
    Daimler $67,226   5%
    Ford $53,416   5%
    GM  $51,176   6%
    Honda  $38,494  13%
    Hyundai $36,883   6%
    Kia $34,878  14%
    Nissan $36,873  11%
    Stellantis $54,583   11%
    Subaru $34,560     2%
    Toyota $41,614   11% 
    Volkswagen $44,683     6%

     

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    Photo Credit: Andy Dean Photography/Shutterstock.com.