Home >> Money & The Economy >> Average New-Car Prices Up More Than 4 Percent Year-Over-Year

Average New-Car Prices Up More Than 4 Percent Year-Over-Year

Analysts at Kelley Blue Book reported Friday that the estimated average transaction price for a light vehicle in the United States was $37,149 in January 2019New-vehicle prices increased $1,481(up 4.2 percent) from January 2018, while decreasing $643 (down 1.7 percent) from last month.

“There are several factors contributing to strong average transaction prices, which climbed 4 percent year-over-year,” said Tim Fleming, analyst for Kelley Blue Book. “First, Tesla has approached BMW and Mercedes-Benz U.S. sales numbers in recent months with even stronger transaction prices. Also, full-size trucks are more popular than they have been for over a decade, and the new Chevrolet Silverado, GMC Sierra and Ram 1500 pickups helped drive prices up.”

The shift away from passenger cars also is ongoing, and these buyers are either moving up to small utility segments or looking at used vehicles instead. While Cox Automotive expects new-car sales to slow in 2019, the good news for the industry is transaction prices remain strong without help from huge incentives.

Manufacturer

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January

2019

Transaction
Price (Avg.)*

December

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2018

Transaction 
Price (Avg.)*

January 2018 
Transaction 
Price (Avg.)*

Percent 
Change 
December 
2018 to 
January 
2019*

Percent 
Change 
January 
2018 to 
January 
2019*

American Honda (Acura, Honda)

$29,341

$29,653

$28,663

-1.1%

2.4%

Fiat Chrysler (Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, RAM)

$39,484

$40,450

$37,590

-2.4%

5.0%

Ford Motor Company (Ford, Lincoln)

$41,446

$41,575

$40,098

-0.3%

3.4%

General Motors (Buick, Cadillac, Chevrolet, GMC)

$40,664

$41,166

$39,702

-1.2%

2.4%

HyundaiKia

$25,116

$24,995

$25,359

0.5%

-1.0%

Nissan North America (Nissan, INFINITI)

$29,819

$30,696

$29,135

-2.9%

2.3%

Subaru

$29,727

$30,080

$28,196

-1.2%

5.4%

Toyota Motor Company (Lexus, Toyota)

$33,258

$34,023

$32,298

-2.3%

3.0%

Volkswagen Group (Audi, Volkswagen, Porsche)

$42,840

$41,588

$43,006

3.0%

-0.4%

Industry

$37,149

$37,792

$35,668

-1.7%

4.2%

*Kelley Blue Book average transaction prices do not include applied consumer incentives

Subaru had another strong month, as average transaction prices rose more than 5 percent, with the Crosstrek improving most at 7 percent. In addition, the redesigned Forester posted a 3 percent improvement year-over-year. The new Ascent SUV is helping the brand with average transaction prices close to $40,000. Finally, the Outback, now in the last year of its generation, was down 1 percent.

On the other hand, Hyundai-Kia prices fell nearly 1 percent for the month. Hyundai climbed 2 percent, but Kia dropped 1 percent. Hyundai was helped most by the refreshed Tucson, up 4 percent, and the new Veloster continues to impress, rising 9 percent. Kia was hurt most by the Soul, which was down 5 percent, as the next generation will be launching soon. The Genesis brand also fell 5 percent, following the introduction of the G70 sedan as the new entry point in its lineup.

Segment

January

2019

Transaction 
Price 
(Avg.)*

December

2018

Transaction 
Price 
(Avg.)*

January 
2018 
Transaction 
Price 
(Avg.)*

Percent 
Change 
December 
2018 to 
January 
2019*

Percent 
Change 
January 
2018 to 
January 
2019*

Compact Car

$20,504

$20,433

$20,306

0.3%

1.0%

Compact SUV/Crossover

$29,039

$28,712

$28,454

1.1%

2.1%

Electric Vehicle

$62,402

$63,865

$60,899

-2.3%

2.5%

Entry-level Luxury Car

$42,419

$42,348

$42,193

0.2%

0.5%

Full-size Car

$35,327

$35,160

$34,487

0.5%

2.4%

Full-size Pickup Truck

$49,562

$48,740

$47,071

1.7%

5.3%

Full-size SUV/Crossover

$63,466

$63,336

$61,642

0.2%

3.0%

High Performance Car

$113,801

$111,480

$107,872

2.1%

5.5%

High-end Luxury Car

$96,423

$94,989

$100,236

1.5%

-3.8%

Hybrid/Alternative Energy Car

$27,653

$27,804

$26,924

-0.5%

2.7%

Luxury Car

$58,470

$57,331

$58,992

2.0%

-0.9%

Luxury Compact SUV/Crossover

$44,979

$44,327

$44,967

1.5%

0.0%

Luxury Full-size SUV/Crossover

$87,933

$88,030

$83,914

-0.1%

4.8%

Luxury Mid-size SUV/Crossover

$56,892

$56,575

$56,768

0.6%

0.2%

Mid-size Car

$25,951

$25,861

$25,868

0.3%

0.3%

Mid-size Pickup Truck

$33,287

$33,037

$33,101

0.8%

0.6%

Mid-size SUV/Crossover

$38,926

$38,890

$38,508

0.1%

1.1%

Minivan

$35,549

$35,766

$34,389

-0.6%

3.4%

Sports Car

$34,996

$35,060

$35,596

-0.2%

-1.7%

Subcompact Car

$16,273

$16,255

$16,228

0.1%

0.3%

Subcompact SUV/Crossover

$23,969

$23,793

$24,291

0.7%

-1.3%

Van

$32,939

$34,349

$32,926

-4.1%

0.0%

Grand Total

$37,149

$37,792

$35,668

-1.7%

4.2%

*Kelley Blue Book average transaction prices do not include applied consumer incentives

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About R. Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

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