New Car Prices Finish Year Flat

By Staff Writer January 06, 2019

The estimated average transaction price for light vehicles in the United States was $37,577 in December, according to Kelley Blue Book.

New-vehicle prices increased 1.3 percent from December 2017, while decreasing $93 from the prior month.  

Excluding Tesla from the average, the rest of the industry rose 2.5 percent, a result more in line with the past few years. The sales mix of cars dropping to 31 percent (from 36 percent in 2017) also played a role in rising prices, and as more automakers like Ford discontinue their car nameplates in favor of SUVs and trucks, the average new-vehicle price will continue to grow.

Last modified on Sunday, 06 January 2019 18:07

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