For the first time in several years, car prices are actually cooling, and dealers and manufacturers are once again offering cash incentives for new vehicle purchases.
With inventory mounting on dealer lots, OEMs and dealers alike are dropping prices with massive swings, hoping to lure more clients in the door. With EV inventory racking up even faster and showing as much as 103 days of sales covered, it makes sense that EV prices are dropping faster than average. Tesla is the biggest discounter, seeing average sales drop from $62,272 to $55,106—and that number is from July, before Tesla dropped Model S and Model X prices significantly earlier this month.
