U.S. Auto Industry In Recovery Mode

The U.S. auto industry is showing signs of a full recovery just three years after the financial crisis all but left the sector for dead, according to a presentation Friday by J.D. Power and Associates.

Significantly, U.S. consumers are paying historically high prices for their vehicles, J.D. Power revealed.

The average price paid for a vehicle by U.S. consumers in 2011 was $28,341, up 11% from $25,505 in 2008, according to J.D. Power’s data. Meanwhile, incentives offered by dealers have slipped.

Perks such as sophisticated entertainment systems have driven the average price of a car higher.

Read Full Article from Fox Business

- Posted: 2012-02-03 14:10:07

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