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KBB: Avg. Transaction Price in June Rises 3%

IRVINE, Calif. — Thanks to market demand quickly backing away from cars, average transaction prices in July rose 2.9% from a year ago, or $985, to $35,359, Kelley Blue Book reported this week. Cars are expected to make up only 31% of July sales, down from 36% in the year-ago period. This decline is pushing ... Read More »

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KBB: Average New-Car Prices Rise 2% in February

IRVINE, Calif. — Kelley Blue Book put February’s estimated average transaction price for light vehicles at $35,444. That’s up $722 from a year ago but down $96 from January. Even with new-vehicle demand expected to continue to slow in 2018, average transactions prices have so far been unaffected this year — though incentives have risen ... Read More »

KBB: Average New-Vehicle Prices Rise to Record High in December

IRVINE, Calif. — Average transaction prices closed the year on a strong note, rising nearly 2% in December to a record high of $36,113, Kelley Blue Book (KBB) reported last week. The increase from the year-ago average was actually 1.6%, or $583. Compared to November, December’s average transaction price was up $66, or 0.2%. “Incentive ... Read More »

KBB: Average New-Vehicle Prices Rise to Record High in December

IRVINE, Calif. — Average transaction prices closed the year on a strong note, rising nearly 2% in December to a record high of $36,113, Kelley Blue Book (KBB) reported last week. The increase from the year-ago average was actually 1.6%, or $583. Compared to November, December’s average transaction price was up $66, or 0.2%. “Incentive ... Read More »

KBB: Flat Prices, Higher Incentive Spending Signals Headwinds for New-Car Market

Average Transaction Price Rises in January

IRVINE, Calif. — The average transaction for a new vehicle increased by $1,123, or 3.3%, from a year ago to $34,968, according to Kelley Blue Book estimates. The average, however, was down by $453, or 1.3%, from December 2016. Driving the year-over-year strength in pricing was a sales mix in favor of utility vehicles, with ... Read More »

KBB: Average Transaction Price Climbs to Record High in December

IRVINE, Calif. — The estimated average transaction price for light vehicles in the United States reached an all-time record high of $35,309 in December, according to Kelley Blue Book (KBB). This increase, the auto firm added, amounted to a 1.5% increase over the same time last year. Virtually all vehicle OEM recorded increases in average transaction prices, with ... Read More »

Average New-Vehicle Transaction Price Reaches $33,781, KBB Reports

IRVINE, Calif. — The estimated average transaction price for a new car reached $33,781 in February, a 2.2% increase from the prior year, according to Kelley Blue Book. The vehicle information site attributed the rise to low gas prices pushing more consumers toward more expensive pickup trucks, and vehicle OEMs are responding by increasing incentives ... Read More »

KBB, Autotrader Report Strong November Unit Sales

IRVINE, Calif., and ATLANTA — Autotrader and Kelley Blue Book reported stronger-than-expected auto sales during the month of November. The overall industry health is looking strong; however, there are a few risk factors that are worth paying attention to heading into 2016, analysts said. The stronger-than-expected unit sales during November were driven by higher employment ... Read More »

New-Vehicle Transaction Prices Rise More Than 1% in October