Auto Industry Pricing Report With Michelle Krebs From Cox Automotive

TROY – Michelle Krebs, a senior analyst with Cox Automotive, joins MITech TV to update the latest car prices and news, including the impact of the United Auto Workers Union strike against the Detroit Three.

She talks about how used car prices are somewhat stable, but with potential buyers shying away from purchasing new vehicles with monthly payments around $700, many will instead buy used.

She discusses Electric Vehicles and, despite fits and starts, that prices are coming down to around $50,000 on average, just a couple thousand dollars more than the average internal combustion engine price average of $48,000.

You can find all these stats at www.coxautoinc.com.

About the Author: Mike Brennan

Founder of Michigan News Network, and serves as CEO, as well as Editor & Publisher of MITECHNEWS.COM. Brennan has worked since 1980 as a technology writer at newspapers in New York, NY, San Jose, CA., Seattle, WA., Memphis, TN., Detroit, MI., and London, England. He co-founded and served as managing editor of Pacific Rim News Service (SEATTLE), which developed a network of more than 100 freelance journalists in 17 Asia-Pacific countries.