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Kelley Blue Book

New-Vehicle Transaction Prices Rise 3.4% in May

Utility vehicles and pickups played a large part in driving up the average transaction price for a new vehicle to $35,635 in May, a 3.4% increase over the same time last year, according to Kelley Blue Book.

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New Car Prices Increase 2% in April

The average transaction price of a new car in April was $35,411, a 2% increase year-over-year, according to a Kelley Blue Book report.

New Car Prices Climb 2% in March

The average transaction price for a new vehicle in March reached $35,285, 2% higher when compared to the same time last year, according to a Kelley Blue Book announcement.

New Vehicle Price Increase Driven by Imports

The Volkswagen Group, General Motors, and Toyota Motor Company are three of the OEMs that experienced the highest rise in average transaction price. Respectively, the three OEMs saw average transaction prices rise 7.1%, 3.5%, and 3.4%.

Lowest 5-Year Cost-to-Own Vehicles Named

Five General Motors vehicles from the 2018 model year have the lowest cost to own in their categories over a five-year period, while four Toyota or Lexus vehicles also made an annual list from Kelley Blue Book.

KBB Names Winners of Best Resale Value Awards

Kelley Blue Book named Toyota as the winner of its 2018 Best Resale Value Award for the overall brand category, marking the third time that the company has received the award. For the luxury brand category, KBB named Porsche its winner.

New-Vehicle Transaction Prices Rise in November

The average transaction price for a new vehicle in November was $35,870, a 1.6% rise from the same time last year, according to Kelley Blue Book.

Flat Prices, Higher Incentive Spending Signals Headwinds for New-Car Market

Transaction prices continue to rise at a slower pace, with October’s estimated average transaction price expected to rise by $101 from a year ago to $35,263, Kelley Blue Book (KBB) reported on Tuesday. Compared to September, the firm expects the average to increase by $128, or 0.4%.

New-Vehicle Sales Expected to Fall 2% in October

New-vehicle sales are expected to decline 2% year-over-year to 1.34 million units in October, resulting in an estimated 17.9 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book (KBB).

New-Vehicle Sales Expected to Fall 6% in July

Kelly Blue Book expects 1.43 million new vehicles will be sold in July, which is 6% less than the same time last year. The forecast would put the seasonally adjusted annual rate at 16.7 million for the fifth month in a row with a new-vehicle SAAR below 17 million.