New Vehicle Prices Rise with More Truck Sales

By Staff Writer August 01, 2018

The estimated average transaction price for light vehicles was $35,359 in July, according to Kelley Blue Book.

New-vehicle prices increased by $985 (up 2.9 percent) from July 2017, while decreasing 0.4 percent from June.  

Part of the rise comes from an increase in truck sales. Cars are expected to make up only 31 percent of July sales, down from 36 percent one year ago.

Prices also are likely to strengthen as the average days in inventory has begun to recede for the first time this decade.

Last modified on Wednesday, 01 August 2018 20:27

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