Kelley Blue Book Analysis: New-Vehicle Transaction Prices Up Less Than 1% Year Over Year, Smallest Increase in Decade
08/09/2023
Correction, Aug. 16, 2023 – ATLANTA, Aug. 9, 2023 – The average price Americans paid for a new vehicle in July 2023 was 0.4% higher than one year ago, the smallest year-over-year price increase in the last decade. According to Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) of a new vehicle in July was $48,334, a month-over-month decrease of 0.7% ($337)…
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New-Vehicle Transaction Prices Trend Downward as Incentives Rise, According to Kelley Blue Book
03/08/2023
ATLANTA, March 8, 2023 – The average transaction price (ATP) of a new vehicle in the United States declined in February 2023 to $48,763, a decrease of 1.4% ($705) from an upwardly-revised January reading of $49,468. Transaction prices last month were up 5.3% ($2,466) from year-ago levels, according to data released today by Kelley Blue Book, a Cox Automotive company. Meanwhile, incentive spend rose to 3.0%,…
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Luxury Share of U.S. Market Sets New Record in January, as Transaction Prices Remain up 5.9% Year Over Year, According to Kelley Blue Book
02/13/2023
ATLANTA, Feb. 13, 2023 – The average transaction price (ATP) of a new vehicle in the U.S. declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December's record high and up 5.9% ($2,768) from levels one year earlier. New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released today by Kelley Blue Book, a Cox Automotive company. NEW-VEHICLE AVERAGE TRANSACTION…
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