Tag Archive | "Average Transaction Price"

KBB: Average New-Car Prices Rise 2% in February

IRVINE, Calif. — Kelley Blue Book put February’s estimated average transaction price for light vehicles at $35,444. That’s up $722 from a year ago but down $96 from January.

Even with new-vehicle demand expected to continue to slow in 2018, average transactions prices have so far been unaffected this year — though incentives have risen similarly to offset part of the extra cost, the firm noted.

“It was another month of solid transaction prices in February 2018, with 2% growth year-over-year,” said Kelley Blue Book analyst Tim Fleming. “The numbers indicate that new-car buyers are still willing to pay top dollar for the latest models with the most current features and technology. Even the new Honda Accord and Toyota Camry are commanding large premiums over their predecessors, despite competing in a rapidly shrinking segment.”

American Honda’s transaction prices climbed 2% in February 2018 — with the Honda brand alone recording a 3% increase. The new Accord posted a 6% increase, while the Odyssey continues to top the minivan segment with a 13% year-over-year increase in its average transaction price.

Toyota Motor Co. posted a 3% increase in its average transaction price behind the strength of its redesigned Camry, which recorded a 9% increase in transaction prices. The Lexus brand posted a 1% increase in its average transaction price, although that should climb in the coming months with its redesigned LS sedan now reaching dealerships.

Another notable manufacturer includes Volkswagen Group, which posted a 7% increase in its average transaction price. The Volkswagen brand alone posted an 8% increase, buoyed by the new Atlas SUV. Porsche transaction prices climbed 8% thanks to the redesigned Panamera, which was up 19%. Audi transaction prices rose 4%, with the redesigned A5 and Q5 showing the most improvement.

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KBB: Flat Prices, Higher Incentive Spending Signals Headwinds for New-Car Market

IRVINE, Calif. — Transaction prices continue to rise at a slower pace, with October’s estimated average transaction price expected to rise by $101 from a year ago to $35,263, Kelley Blue Book (KBB) reported on Tuesday. Compared to September, the firm expects the average to increase by $128, or 0.4%.

“Prices in the third quarter were up just 1% after averaging 3% gains in the first half of the year,” said KBB analyst Tim Fleming. “While Kelley Blue Book expects solid sales in October 2017 at 17.9 million SAAR, flat transaction prices combined with ever-growing incentive spending signal headwinds for the new-vehicle market as 2017 nears its end.”

Expected to register the highest year-over-year increase is Fiat Chrysler, with the automaker’s average transaction price on pace to rise 4% from a year ago. The Jeep brand is expected to record a 3% increase in its average, with the redesigned Jeep Compass expected to show a 6% increase in its average.

The firm noted that the wind down of the Jeep Patriot also is helping to drive up average transaction prices for the Jeep brand.

Dodge’s average is expected to climb by 10% from a year ago on the strength of the Durango SUV and its new SRT performance trim, KBB noted.

Volkswagen Group’s average transaction prices are also expected to be among the best performers on a year-over-year basis, rising 2% for the month. The Volkswagen brand alone is expected to show a 4% increase in its average transaction price, thanks, in part, to the recently introduced Atlas SUV and redesigned Tiguan (expected to be up 6%).

The firm said it expects Audi to show a 4% increase in its average transaction price, with the redesigned A5 expected to show a 4% increase on the strength of its new Sportback body style.

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