We have now gone 11 months with cars on dealer lots being sold for "over-sticker" prices. According to Kelley Blue Book (KBB), the average new car in April sold for $46,526, up steeply from $41,172 the year before. Consumers reeling from high new car prices have tried to buy used, but the news isn't good there, either. Carvana, the used-car giant, just laid off 2,500 people, in part because inventory has become very tight. Because of unprecedented demand, the average price for a used vehicle rose 42 percent over the last two years, closing in on $30,000 now, KBB said.
Despite Huge Inventory Problems, Auto Advertising is Surprisingly Steady
