What an Average Car Cost in the Year You Were Born

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Geely Automobile (OTCMKTS:GELYY) Stock Crosses Below 50-Day Moving Average of $40.90

Geely Automobile Holdings Limited (OTCMKTS:GELYY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $40.90 and traded as low as $39.84. Geely Automobile shares last traded at $39.99, with a volume of 15,434 shares changing hands.

Separately, Zacks Investment Research downgraded Geely Automobile from a “hold” rating to a “sell” rating in a report on Monday, September 7th.

The stock has a market cap of $19.62 billion, a P/E ratio of 15.32 and a beta of 1.09. The company has a fifty day moving average price of $40.90 and a 200 day moving average price of $35.63.

Geely Automobile Company Profile (OTCMKTS:GELYY)

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer. The company engages in the research and development, production, marketing, and sale of automobiles, automobile parts, and related automobile components, as well as

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Average New-Vehicle Prices Rise 2.5% Year-Over-Year in September 2020, According to Kelley Blue Book

IRVINE, Calif., Oct. 1, 2020 /PRNewswire/ — The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $38,723 in September 2020. New-vehicle prices increased $940 (up 2.5%) from September 2019, while raising $23 (up 0.1%) from last month.   

“New-car transaction prices have climbed year-over-year, but remained flat for the past few months,” said Sara Richards, an analyst for Kelley Blue Book. “This may indicate supply challenges experienced over spring and summer have been corrected and OEMs are finally able to build up stock. If automakers seek to recover sales lost earlier in the year, incentives could climb dramatically, and transaction prices could remain flat or even dip in the future.”

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