Asbury Automotive Group, Inc. reported strong used-car sales in the fourth quarter.

Asbury saw used vehicle retail revenue and gross increase by 10 percent each.

Used vehicle same-store retail revenue and gross profit increased by 7 percent each.

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.

New vehicle retail sales in January are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive.

Retail sales are projected to reach 864,300 units, a 2.4 percent decrease compared with January 2018. The seasonally adjusted annualized rate (SAAR) for retail sales is expected to be 13.2 million units, down 451,100 from a year ago.

Retail sales to-date are down 3.8 percent nationally, but in the North Central region, which includes the Midwest states that were hampered by a snow storm, retail sales were down 6.2 percent.

The average transaction price in January is on pace to reach $33,285, the highest level ever for the month.

The record prices reflect higher prices trending for both cars (up 5 percent to $27,708) and trucks/SUVs (up 2 percent to $35,659).

Incentive discipline is also helping, as spending is expected to decline year-over-year for the seventh consecutive month. January to-date spending is $3,720 per unit, down $136 from the same time last year.

Consumers are on pace to spend nearly $29 billion in autos in January, which is up slightly from last year.