Car prices aren’t coming down anytime soon.

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•      Car­mak­ers con­tinue to defy pre­dic­tions from Wall Street an­a­lysts that their av­er­age prices will de­te­ri­o­rate as the in­dus­try in­creases ve­hi­cle sup­ply fol­low­ing a pro­longed short­age be­cause of sup­ply-chain trou­bles. GM’s re­sult shows that strong pric­ing is last­ing longer than an­a­lysts and auto ex­ec­u­tives an­tic­i­pated. 

•      Strong de­mand for some of GM’s big­gest mon­ey­mak­ers—in­clud­ing newer ver­sions of its largest pickup trucks—led to a 39% surge in pre­tax profit from North Amer­ica, to $3.2 bil­lion. 

•      The av­er­age price cus­tomers paid for a GM ve­hi­cle rose in the sec­ond quar­ter by about 3% from the prior quar­ter to around $52,000, the com­pany said. 

•      JP Mor­gan said the sec­ond quar­ter “could rep­re­sent the best of both worlds for au­tomak­ers, with vol­ume and pric­ing both track­ing strong.” 

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