Average New-Vehicle Prices at All-Time High
The estimated average transaction price for a light vehicle in the U.S. was $42,258 in June, according to the analysts at Kelley Blue Book. New-vehicle prices increased 6.4% from June 2020, while increasing 2.2% from May 2021.
Average New-Vehicle Prices Rise $2K+
The estimated average transaction price for a light vehicle in the U.S. was $41,263 in May 2021, according to Kelley Blue Book. New-vehicle prices increased $2,125 (up 5.4%) from May 2020, while increasing $493 (up 1.2%) from April 2021.
Holiday Auto Shoppers to Find Limited Supply
Despite the challenging market conditions, likely fearing even fewer choices and higher prices in the months ahead, new data from Kelley Blue Book reveals that car shoppers clearly are in buy-now mode.
New-Vehicle Prices Up 2.2% YOY in April
The estimated average transaction price for a light vehicle in the U.S. was $40,768 in April 2021, according to Kelley Blue Book. New-vehicle prices increased 2.2% from April 2020, and up 0.23% from March 2021.
EV Shopping Surges, SUVs in Demand
According to Kelley Blue Book, 19% of all shoppers considered an EV in Q1, and sales of EVs grew 81% year-over-year and hitting 300,000 units for the first time.