Transaction Prices Flat Featured

By Staff Writer March 01, 2018

The estimated average transaction price (ATP) for light vehicles in the United States was $35,444 in February, according to Kelley Blue Book.

New-vehicle prices have increased by $722 (up 2.1 percent) from February 2017, while dropping $96 (down 0.3 percent) from last month.

American Honda’s transaction prices climbed 2 percent in February 2018, with a 3 percent increase from the Honda brand. The new Accord posted a 6 percent increase, while the Odyssey continues to top the minivan segment, up 13 percent year-over-year.

Toyota Motor Co. also increased its average transaction prices, up 3 percent on the strength of the redesigned Camry, up 9 percent. The Lexus brand increased 1 percent, although, this could climb in future months with the redesigned LS sedan now reaching dealerships. 

Another notable manufacturer includes Volkswagen Group, up 7 percent in February 2018, with all brands showing solid transaction price growth.

The Volkswagen brand rose 8 percent, buoyed by the new Atlas SUV. Porsche climbed 8 percent, thanks to the redesigned Panamera, which was up 19 percent. Audi rose 4 percent, with the redesigned A5 and Q5 showing the most improvement.

 

Last modified on Friday, 02 March 2018 01:49

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