KBB: Avg. Transaction Price in June Rises 3%

IRVINE, Calif. — Thanks to market demand quickly backing away from cars, average transaction prices in July rose 2.9% from a year ago, or $985, to $35,359, Kelley Blue Book reported this week. Cars are expected to make up only 31% of July sales, down from 36% in the year-ago period. This decline is pushing ... Read More »

KBB: Average New-Car Prices Rise 2% in February

IRVINE, Calif. — Kelley Blue Book put February’s estimated average transaction price for light vehicles at $35,444. That’s up $722 from a year ago but down $96 from January. Even with new-vehicle demand expected to continue to slow in 2018, average transactions prices have so far been unaffected this year — though incentives have risen ... Read More »

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