Market Insights – Cox Automotive Inc.

Average New-Vehicle Transaction Prices Top $45,000 for First Time, According to Kelley Blue Book 10/13/2021 New-vehicle prices hit another all-time high in September 2021, marking the sixth straight record-setting month and surpassing $45,000 for the first time, according to a new report from Kelley Blue Book. At $45,031, the average transaction price (ATP) for a new vehicle was up 12.1% (or $4,872) from one year ago in September 2020 and up 3.7% (or $1,613) from August 2021. NEW-VEHICLE AVERAGE TRANSACTION PRICE… Read Article

ATP average transaction price Market Insights Data Point

New-Vehicle Prices Surge to Record Highs for Fifth Straight Month, According to Kelley Blue Book 09/14/2021 According to a new report from Kelley Blue Book, new-vehicle prices hit another all-time high in August 2021, marking the fifth straight record-setting month. At $43,355, the average transaction price (ATP) for a new vehicle was up nearly 10% ($3,789) from one year ago in August 2020, and up 1.6% ($685) from July 2021. Yet the all-time-high prices also accompanied the fourth straight month of a… Read Article

ATP average transaction price Market Insights Data Point

New-Vehicle Transaction Prices Hit Fourth Straight Record High in July 08/17/2021 The average transaction price (ATP) for a new automobile in July 2021 hit a new record high in the United States at $42,736, according to the analysts at Kelley Blue Book. Transaction prices were up $3,223 (8.2%) from July 2020 and increased $402 (0.9%) from June 2021. New-vehicle transaction prices have increased – and set new records – for four straight months. A tight supply of… Read Article

ATP average transaction price Market Insights Data Point

Average New-Vehicle Prices Hit All-Time High, According to Kelley Blue Book 07/19/2021 The estimated average transaction price (ATP) for a light vehicle in the United States was $42,258 in June 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $2,527 (up 6.4%) from June 2020, while increasing $928 (up 2.2%) from May 2021. “Despite record low incentives and inventory in June, last month showcased more historically high average transaction prices, reaching an all-new record,”… Read Article

ATP average transaction price Market Insights Data Point

New-Vehicle Prices Hit May Record, According to Kelley Blue Book 06/18/2021 The average new-vehicle transaction price (ATP) in May 2021 increased 5.4% year over year and reached $41,263, according to an analysis by our Kelley Blue Book team. The ATP in May 2021 was an all-time record for the month and the 3rd highest ever, following December 2020 ($41,335) and February 2021 ($41,333). Prices increased 1.2%, or $493, from April 2021. The non-luxury vehicle ATP in May was $38,459,… Read Article

ATP average transaction price Market Insights Data Point

Average New-Vehicle Prices Continue to Climb, up 2.2% Year Over Year for April 2021, According to Kelley Blue Book 05/18/2021 The estimated average transaction price for a light vehicle in the United States was $40,768 in April 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $864 (up 2.2%) from April 2020, while increasing $92 (up 0.23%) from March 2021. Click image to enlarge. “Comparing the current market to this time last year, when COVID-19 brought the industry to a halt, highlights an… Read Article

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

Average New-Vehicle Prices Drop 2.3% in Q1 Contributing to Improved Vehicle Affordability 04/15/2021 The estimated average transaction price for a light vehicle in the United States was $40,472 in March 2021, according to the valuation analysts at Kelley Blue Book. New-vehicle prices increased $1,660 (up 4.3%) from March 2020, while falling $608 (down 1.5%) from February 2021. Click image to enlarge. For the fifth straight month, affordability improved in March, according to the Cox Automotive/Moody's Analytics Vehicle Affordability Index, published earlier today. With both the price and the average financing rate declining, the monthly payment was lower. The… Read Article

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

Average New-Vehicle Prices Jump More Than 6% Year Over Year, Most Luxury Segments Decline, According to Kelley Blue Book 03/11/2021 The estimated average transaction price for a light vehicle in the United States was $41,066 in February 2021, according to the valuation analysts at Kelley Blue Book. New-vehicle prices increased $2,515 (up 6.52%) from February 2020, while falling $31 (down 0.08%) from January 2021. Click image to enlarge. “Average transaction prices continue to rise year-over-year and given the economy hasn’t fully recovered from the pandemic, we expect prices have yet to reach their peak,” said Kayla Reynolds, industry intelligence analyst at Cox Automotive. “On… Read Article

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

Average New-Vehicle Transaction Prices Continue to Surpass $40,000, According to Kelley Blue Book 02/15/2021 The estimated average transaction price for a light vehicle in the United States was $40,857 in January 2021, according to the valuation analysts at Kelley Blue Book. New-vehicle prices increased $2,110 (up 5.45%) from January 2020, while falling $295 (down 0.72%) from last month. Click image to enlarge. “January 2021 prices are coming off a historical quarter, with average transaction prices reaching more than $40,000 for the first time at the end of last year,”… Read Article

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