Kelley Blue Book estimates average new vehicle prices up more than 2 percent

According to Kelley Blue Book, the prices of new vehicles is up by 2.8 percent from February 2018 by $993, but have decreased by 0.5 percent ($205) compared to last month.

Additionally, Kelley Blue Book analysts reported that last month’s estimated average transaction price was $36,590 for light vehicles in the U.S.

"New-vehicle transaction prices climbed nearly 3 percent in February, led by the strength in full-size pickup trucks," said Tim Fleming, analyst for Kelley Blue Book.

"New pickups from General Motors and RAM are setting the pace for the segment, and every full-size pickup truck had year-over-year growth greater than 4 percent. Looking at midsize trucks, the segment was only up 1 percent for the month, but it is set for a similar revival with the new Ford Ranger hitting the market right now and the Jeep Gladiator coming soon."

Manufacturer
February
2019
Transaction
Price (Avg.)*
January 2019
Transaction
Price (Avg.)*
February
2018
Transaction
Price (Avg.)*
Percent
Change
January
2019 to
February
2019*
Percent
Change
February
2018 to
February
2019*
American Honda (Acura, Honda)
$28,991
$28,808
$28,585
0.6%
1.4%
Fiat Chrysler (Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, RAM)
$38,584
$39,354
$36,816
-2.0%
4.8%
Ford Motor Company (Ford, Lincoln)
$41,270
$41,633
$39,120
-0.9%
5.5%
General Motors (Buick, Cadillac, Chevrolet, GMC)
$39,808
$39,584
$39,767
0.6%
0.1%
Hyundai-Kia
$25,401
$25,421
$25,296
-0.1%
0.4%
Nissan North America (Nissan, INFINITI)
$29,956
$29,958
$29,500
0.0%
1.5%
Subaru
$29,500
$29,835
$28,032
-1.1%
5.2%
Toyota Motor Company (Lexus, Toyota)
$32,777
$32,678
$32,124
0.3%
2.0%
Volkswagen Group (Audi, Volkswagen, Porsche)
$43,605
$46,192
$41,844
-5.6%
4.2%
Industry
$36,590
$36,765
$35,597
-0.5%
2.8%
*Kelley Blue Book average transaction prices do not include applied consumer incentives


Ford Motor Company had a remarkable year-on-year transaction price rise as its average prices grew over 5 percent, with both Lincoln and Ford up by 5 percent.

General Motors’ data show that it was flat year-over-year, with only the GMC brand showing a sales growth.

Segment
February
2019
Transaction
Price
(Avg.)*
January
2019
Transaction
Price
(Avg.)*
February
2018
Transaction
Price
(Avg.)*
Percent
Change
January
2019 to
February
2019*
Percent
Change
February
2018 to
February
2019*
Compact Car
$20,421
$20,462
$20,329
-0.2%
0.5%
Compact SUV/Crossover
$29,259
$29,096
$28,480
0.6%
2.7%
Electric Vehicle
$60,459
$60,443
$58,458
0.0%
3.4%
Entry-level Luxury Car
$42,598
$42,535
$41,524
0.1%
2.6%
Full-size Car
$35,205
$35,224
$34,512
-0.1%
2.0%
Full-size Pickup Truck
$49,958
$49,984
$46,930
-0.1%
6.5%
Full-size SUV/Crossover
$62,961
$63,500
$62,143
-0.8%
1.3%
High Performance Car
$108,236
$121,513
$99,539
-10.9%
8.7%
High-end Luxury Car
$98,502
$98,280
$98,677
0.2%
-0.2%
Hybrid/Alternative Energy Car
$27,093
$27,254
$27,248
-0.6%
-0.6%
Luxury Car
$58,740
$58,960
$58,758
-0.4%
0.0%
Luxury Compact SUV/Crossover
$44,942
$45,109
$44,662
-0.4%
0.6%
Luxury Full-size SUV/Crossover
$88,433
$88,033
$87,382
0.5%
1.2%
Luxury Mid-size SUV/Crossover
$58,469
$58,531
$56,831
-0.1%
2.9%
Mid-size Car
$25,944
$25,919
$25,836
0.1%
0.4%
Mid-size Pickup Truck
$33,427
$33,623
$32,978
-0.6%
1.4%
Mid-size SUV/Crossover
$38,670
$38,717
$38,418
-0.1%
0.7%
Minivan
$35,635
$35,612
$33,965
0.1%
4.9%
Sports Car
$35,344
$35,387
$34,862
-0.1%
1.4%
Subcompact Car
$16,474
$16,322
$16,228
0.9%
1.5%
Subcompact SUV/Crossover
$23,982
$23,824
$24,349
0.7%
-1.5%
Van
$34,122
$34,017
$34,156
0.3%
-0.1%
Grand Total
$36,590
$36,765
$35,597
-0.5%
2.8%
*Kelley Blue Book average transaction prices do not include applied consumer incentives
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Organizations in this story

Kelley Blue Book Harvard-Alton Irvine, CA