New car prices reach record highs, again, and dealers make record profits

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The average transaction price customers have paid for a new car is expected to reach $45,844 this month, according to the latest report from J.D. Power. That's a 14.5% increase from one year ago. At the same time, the constrained supply isn't hurting dealers. Dealer margins on every new car sold is on pace to hit $5,123 profit per unit, the same...

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