Detroit's bad numbers just keep on coming. The Big Three's domestic vehicle sales, market share, and employment rolls have all been declining steadily for years—and now a looming recession threatens to dampen the financial performance of U.S. automakers even further.
But one vital statistic is improving, and it could represent a bit of hope: Car prices are rising. After accounting for rebates and other deals, the average vehicle sold for a record $29,230 in December, according to Web price tracker Edmonds.com. That's up from $28,923 in December, 2006. On average, 2007 prices have been about $1,000 per car higher than in 2005.
