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Cars for sales: Price hikes on new vehicles may finally slow | USA Today

Sticker prices on new vehicles are approaching $40,000 as the nation’s SUV craze continues.

But relief may finally be in sight.

A confluence of factors, ranging from a glut of SUVs to increasing discounts and the slowing market for new vehicles, may be poised to slow the ascent of prices.

That doesn’t mean new cars will suddenly be cheap. But prices are no longer on an unstoppable upward climb.

1. Discounts are rising.

Automakers offered 2,923 deal packages in July, up 27% from a year earlier and up 9.7% from a month earlier, according to Cox Automotive.

While the average sticker price of a new vehicle reached $39,500 in the first half of 2019, you won’t necessarily have to pay that price. In July, Americans paid an average of $37,030 for a new vehicle when discounts were factored in, according to car-buying advice site Edmunds.

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Cars for sales: Price hikes on new vehicles may finally slow.

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