New-vehicle prices increased by 2 percent in April

Kelley Blue Book valuation analysts reported that an estimated average transaction price for a light vehicle in April was $36,843.

New vehicle prices saw a 2 percent increase compared to April last year, or about $732, and a 0.3 percent increase ($93) from March.

“Transaction prices climbed 2 percent in April, still largely due to the shifting sales mix toward SUVs and crossovers,” said Tim Fleming, analyst at Kelley Blue Book. “With slowing retail demand and increased competition, SUV prices were up just 1 percent for the month. However, the shrinking market share of the more affordable car segments, now close to 30 percent, is driving the industry average upward.”

Compared with last year’s average transaction prices, Ford Motor Company has the highest growth with a 6 percent increase.

Manufacturer
April
2019
Transaction Price (Avg.)*
March
2019
Transaction Price (Avg.)*
April
2018
Transaction Price (Avg.)*
Percent Change
March 2019 to
April 2019*
Percent Change
April 2018 to
April 2019*
American Honda (Acura, Honda)
$28,800
$28,830
$28,458
-0.1%
1.2%
Fiat Chrysler (Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, RAM)
$38,858
$38,826
$37,608
0.1%
3.3%
Ford Motor Company (Ford, Lincoln)
$42,125
$42,114
$39,804
0.0%
5.8%
General Motors (Buick, Cadillac, Chevrolet, GMC)
$40,310
$40,225
$40,063
0.2%
0.6%
Hyundai-Kia
$25,035
$25,008
$25,160
0.1%
-0.5%
Nissan North America (Nissan, INFINITI)
$29,424
$29,100
$28,711
1.1%
2.5%
Subaru
$29,909
$30,147
$28,427
-0.8%
5.2%
Toyota Motor Company (Lexus, Toyota)
$33,610
$33,647
$32,562
-0.1%
3.2%
Volkswagen Group (Audi, Volkswagen, Porsche)
$43,539
$42,522
$43,397
2.4%
0.3%
Industry
$36,843
$36,750
$36,111
0.3%
2.0%
*Kelley Blue Book average transaction prices do not include applied consumer incentives


Segment
 
April
2019
Transaction Price
(Avg.)*
March
2019
Transaction Price
(Avg.)*
April
2018
Transaction Price
(Avg.)*
Percent Change
March 2019 to
April 2019*
Percent Change
April 2018 to
April 2019*
Compact Car
$20,639
$20,521
$20,414
0.6%
1.1%
Compact SUV/Crossover
$29,350
$29,269
$28,532
0.3%
2.9%
Electric Vehicle
$55,681
$55,793
$61,330
-0.2%
-9.2%
Entry-level Luxury Car
$43,261
$42,955
$42,211
0.7%
2.5%
Full-size Car
$34,958
$34,940
$34,256
0.1%
2.0%
Full-size Pickup Truck
$50,253
$50,034
$47,779
0.4%
5.2%
Full-Size SUV/Crossover
$62,542
$62,484
$62,974
0.1%
-0.7%
High Performance Car
$102,539
$106,782
$104,425
-4.0%
-1.8%
High-end Luxury Car
$98,642
$98,282
$100,368
0.4%
-1.7%
Hybrid/Alternative Energy Car
$27,479
$27,405
$27,258
0.3%
0.8%
Luxury Car
$59,880
$60,139
$59,449
-0.4%
0.7%
Luxury Compact SUV/Crossover
$45,217
$45,054
$45,201
0.4%
0.0%
Luxury Full-size SUV/Crossover
$88,842
$88,144
$90,329
0.8%
-1.6%
Luxury Mid-size SUV/Crossover
$57,288
$57,584
$56,630
-0.5%
1.2%
Mid-size Car
$25,855
$25,890
$25,847
-0.1%
0.0%
Mid-size Pickup Truck
$33,822
$33,852
$33,315
-0.1%
1.5%
Mid-size SUV/Crossover
$38,015
$37,816
$37,949
0.5%
0.2%
Minivan
$34,908
$34,683
$34,411
0.6%
1.4%
Sports Car
$35,824
$35,673
$35,951
0.4%
-0.4%
Subcompact Car
$16,276
$16,279
$16,504
0.0%
-1.4%
Subcompact SUV/Crossover
$24,047
$23,926
$24,422
0.5%
-1.5%
Van
$34,918
$35,048
$34,509
-0.4%
1.2%
Grand Total
$36,843
$36,750
$36,111
0.3%
2.0%
*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