Consumers have paid more than MSRP for each of the last 10 months, whereas one year ago, non-luxury vehicles were selling for more than $1,300 under MSRP.
A Kelly Blue Book report shows growing interest in electric and green vehicles, especially SUVs.
Subaru earned Kelley Blue Book's award for the mainstream brand category.
The average transaction price for a light vehicle in the U.S. in June was $37,285.
The average transaction price for a new vehicle in the U.S. was $37,577 in December 2018, a 1.3% increase from the same time in 2017.
The average transaction price for a new vehicle reached $36,113 in December in the U.S., a 1.6% increase from the same time last year and a 0.2% increase from the previous month, according to Kelley Blue Book.
New vehicle sales are expected to reach 1.36 million units in November, a 1% drop from the year before, and an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
Johnson’s addition to the board will add someone who has a deep understanding of the automotive landscape and how companies use data and technology in their operations, the company added.
New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
