Despite the supply and demand issue, something else is causing new vehicle prices to increase: dealership markups. What’s more, automakers are continuing to slash incentives because, quite simply, they don’t need them right now. The data shows the average manufacturer incentive spent per vehicle will be around $1,319, a drop from $2,163 last year.

Okay, so what’s the main takeaway here? Simple: it’s not a good time to buy a new vehicle if you’re seeking a sweet deal. Those who can afford and/or are willing to pay sticker (or higher) and could care less about incentives are in luck in this seller’s market.

Source: https://carbuzz.com/news/trucks-and-suvs-continue-to-dominate-america