Decline in Car Sales Boost Prices Featured

By Staff Writer May 02, 2019 494

The average transaction price for a new vehicle was $36,843 in April, according to estimates from Kelley Blue Book.

Prices increased $732 from April 2018, while rising $93 from March.  

The increase was largely due to the shifting sales mix toward SUVs and crossovers. Even though SUV prices were up just 1 percent for the month, market share for less expensive car segments continued to decline.

Truck prices saw the biggest increases in April, with prices rising 4 percent on average.

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Last modified on Thursday, 02 May 2019 13:52