Black Book’s Used Vehicle Retention Index was basically flat in April, declining to 113.6 from 113.8 in March.

Despite the Index now falling for five straight months it is still 1.4 percent higher than a year ago, when it stood at 112.

A total of 14 segments finished the month in positive change territory, led by Premium Sporty Cars with a gain of 1.4 percent.

Rising prices and tightened credit conditions continued to place pressure on the new vehicle market in April, according to Edmunds.

The average price of a new car is expected to climb to $36,718 in April, the highest level seen so far in 2019. April also marked the fourth straight month of the year that interest rates hovered above 6 percent.

According to Edmunds data, the annual percentage rate on new financed vehicles is expected to average 6.28 percent in April compared to 5.58 percent last year and 4.4 percent five years ago.

According to Edmunds data, zero percent finance made up only 3.2 percent of financed transactions in 2019, compared to 7.64 percent in 2018 and 7.38 percent five years ago.

The estimated average transaction price for a light vehicle in the U.S. was $36,590 in February, according to Kelley Blue Book.

The AVP increased $993 from February 2018, while decreasing $205 from January. 

The year-over-year increase was led by the strength in full-size pickup trucks.

Gaining most year-over-year, Ford Motor Company’s average prices were up more than 5 percent, with both Ford and Lincoln up by 5 percent.

The estimated average transaction price for a light vehicle in the United States was $37,149 in January, according to Kelley Blue Book.

New-vehicle prices increased $1,481 from January 2018, while decreasing $643 from December. 

Subaru had another strong month, as average transaction prices rose more than 5 percent.

 On the other hand, Hyundai-Kia prices fell nearly 1 percent for the month.