Market Insights – Cox Automotive Inc.

Average New-Vehicle Prices Down 1.4% Year Over Year in October, as Healthy Inventories Help Buyers 11/13/2023 ATLANTA, Nov. 13, 2023 – In October, with a UAW strike underway but new-vehicle inventories on the rise, the average price paid for a new vehicle in the U.S. was $47,936, less than 1% more than the month earlier (revised to $47,797), according to Kelley Blue Book, a Cox Automotive company. Compared to one year ago, when incentives were near historic lows, average new-vehicle transaction prices in October… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

New-Vehicle Transaction Prices Decline Further in September, Led by Price Cuts at Tesla, According to Kelley Blue Book Report 10/11/2023 ATLANTA, Oct. 11, 2023 – The average price Americans paid for a new vehicle in September 2023 was down 3.4% from the start of the year, as higher inventory levels and increased incentives continued to put downward pressure on pricing. The average transaction price of a new vehicle in September was $47,899, down $360 from one year ago (0.7%), according to Kelley Blue Book, a Cox Automotive company.… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

New-Vehicle Prices Virtually Flat Year Over Year in August Due to Declining Electric Vehicle Prices, Tesla Price Cuts, According to Kelley Blue Book 09/12/2023 ATLANTA, Sept. 12, 2023 – The average price Americans paid for a new vehicle in August 2023 was virtually flat compared to one year ago, as higher inventory levels and increased incentives held year-over-year price gains in check. The average transaction price of a new vehicle in August was $48,451, up only $42 from one year ago, according to Kelley Blue Book, a Cox Automotive company.… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

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)… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

Kelley Blue Book Analysis: New-Vehicle Transaction Prices in June Post Smallest Annual Gain in Nearly 4 Years 07/11/2023 ATLANTA, July 11, 2023 – The average price Americans paid for a new vehicle in June 2023 was 1.6% higher than one year ago, the smallest year-over-year price increase since the start of the global pandemic. According to Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) of a new vehicle in June was $48,808, a month-over-month increase of 0.3% ($150) from an… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

New-Vehicle Sales Incentives Continue to Climb in May, as Transaction Price Increases Moderate, According to Kelley Blue Book 06/12/2023 ATLANTA, June 12, 2023 – The average price Americans paid for a new vehicle in May remained below the manufacturer’s suggested retail price (MSRP) for the fifth consecutive month, according to data released today by Kelley Blue Book, a Cox Automotive company. The average transaction price (ATP) of a new vehicle in the U.S. increased in May 2023 to $48,528, a month-over-month increase of 0.5% ($251)… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

New-Vehicle Transaction Prices Decline as Automaker Incentives Hit Highest Point in a Year, According to Kelley Blue Book 05/09/2023 ATLANTA, May 9, 2023 – The average price Americans paid for a new vehicle in April remained below the manufacturer’s suggested retail price (MSRP) for the second consecutive month, according to data released today by Kelley Blue Book, a Cox Automotive company. The average transaction price (ATP) of a new vehicle in the U.S. remained relatively flat in April 2023 at $48,275, a month-over-month decrease of… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

After Nearly Two Years, New-Vehicle Transaction Prices Fall Below Sticker Price in March, According to New Data from Kelley Blue Book 04/11/2023 ATLANTA, April 11, 2023 – A nearly two-year trend was broken in March 2023 when the average price Americans paid for a new vehicle fell below the manufacturer’s suggested retail price (MSRP) for the first time in 20 months, according to data released today by Kelley Blue Book, a Cox Automotive company. The average transaction price (ATP) of a new vehicle in the United States declined… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

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%,… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

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… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point