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Despite Rising Fuel Prices, Average Transaction Price Increases Greater for SUVs Than Cars, According to Kelley Blue Book

IRVINE, Calif., May 1, 2018 /PRNewswire/ -- The analysts at Kelley Blue Book today reported the estimated average transaction price for light vehicles in the United States was $35,411 in April 2018. New-vehicle prices have increased by $710 (up 2 percent) from April 2017, while falling $99 (down 0.3 percent) from last month.   

Kelley Blue Book Logo. (PRNewsFoto/Kelley Blue Book)

"Average transaction prices moved up another 2 percent in April, with most manufacturers reporting year-over-year increases," said Tim Fleming, analyst for Kelley Blue Book. "Although fuel prices rose for the second month in a row and are nearing a $3 national average, Kelley Blue Book saw greater price increases for SUV models than with cars. Luxury SUVs performed particularly well, as less price-sensitive luxury buyers splurged for the latest models, such as the Lincoln Navigator (up 30 percent), Volvo XC60 (up 16 percent) and Infiniti QX50 (up 12 percent)."

Manufacturer

April

 2018

Transaction Price (Avg.)*

March

2018

Transaction Price (Avg.)*

April

2017 Transaction Price (Avg.)*

Percent Change March 2018 to April 2018*

Percent Change April

2017 to April

2018*

American Honda (Acura, Honda)

$28,385

$28,583

$27,748

-0.7%

2.3%

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

$36,754

$36,453

$37,360

0.8%

-1.6%

Ford Motor Company (Ford, Lincoln)

$39,906

$39,649

$39,094

0.7%

2.1%

General Motors (Buick, Cadillac, Chevrolet, GMC)

$39,162

$39,239

$38,073

-0.2%

2.9%

Hyundai-Kia

$25,269

$25,361

$25,029

-0.4%

1.0%

Nissan North America (Nissan, Infiniti)

$29,004

$29,391

$28,900

-1.3%

0.4%

Subaru

$28,702

$28,595

$28,268

0.4%

1.5%

Toyota Motor Company (Lexus, Toyota)

$32,292

$32,590

$31,283

-0.9%

3.2%

Volkswagen  Group (Audi, Volkswagen, Porsche)

$41,893

$41,998

$40,661

-0.3%

3.0%

Industry

$35,411

$35,510

$34,701

-0.3%

2.0%

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

With its top performance among all major automakers, Toyota Motor Company transaction prices climbed more than 3 percent, helped most by the redesigned Camry, which was up 11 percent. The refreshed Sienna minivan also was up 4 percent, while the Prius climbed 5 percent. The Lexus brand was up 4 percent, as the redesigned LS sedan improved its transaction prices by 15 percent. The RX, now offering a three-row variant, also was up just 1 percent.

Volkswagen Group also showed transaction price strength, up 3 percent in April 2018, with all brands reporting large improvements. The Volkswagen brand was up 9 percent, thanks to the new Atlas and Tiguan SUVs. Porsche was up 7 percent with help from the new Panamera, which was up more than 20 percent. Audi also was up 5 percent, with the redesigned Q5 utility vehicle showing the most improvement at close to 20 percent.

Segment

April

 2018

Transaction Price (Avg.)*

March

2018

Transaction Price (Avg.)*

April

2017 Transaction Price (Avg.)*

Percent Change March 2018 to April 2018*

Percent Change April

2017 to April

2018*

Compact Car

$20,561

$20,427

$20,682

0.7%

-0.6%

Compact SUV/Crossover

$28,732

$28,842

$28,270

-0.4%

1.6%

Electric Vehicle

$35,968

$36,370

$35,791

-1.1%

0.5%

Entry-level Luxury Car

$42,303

$42,313

$41,672

0.0%

1.5%

Full-size Car

$34,445

$34,623

$34,672

-0.5%

-0.7%

Full-size Pickup Truck

$47,803

$47,489

$46,806

0.7%

2.1%

Full-size SUV/Crossover

$62,488

$62,079

$60,523

0.7%

3.2%

High Performance Car

$95,690

$90,972

$95,666

5.2%

0.0%

High-end Luxury Car

$92,733

$97,689

$95,998

-5.1%

-3.4%

Hybrid/Alternative Energy Car

$26,735

$26,627

$26,526

0.4%

0.8%

Luxury Car

$58,778

$59,150

$57,613

-0.6%

2.0%

Luxury Compact SUV/Crossover

$44,584

$44,429

$42,985

0.3%

3.7%

Luxury Full-size SUV/Crossover

$88,579

$88,984

$83,174

-0.5%

6.5%

Luxury Mid-size SUV/Crossover

$56,369

$56,771

$55,576

-0.7%

1.4%

Mid-size Car

$25,846

$25,755

$25,260

0.4%

2.3%

Mid-size Pickup Truck

$32,658

$32,759

$32,170

-0.3%

1.5%

Mid-size SUV/Crossover

$38,224

$38,343

$37,726

-0.3%

1.3%

Minivan

$34,281

$34,133

$34,105

0.4%

0.5%

Sports Car

$31,464

$31,412

$31,623

0.2%

-0.5%

Subcompact Car

$15,388

$15,401

$15,306

-0.1%

0.5%

Subcompact SUV/Crossover

$24,540

$24,623

$24,232

-0.3%

1.3%

Van

$34,788

$35,166

$35,174

-1.1%

-1.1%

Grand Total

$35,411

$35,510

$34,701

-0.3%

2.0%

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

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About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand.

About Cox Automotive
Cox Automotive Inc. makes buying, selling and owning cars easier for everyone. The global company's 34,000-plus team members and family of brands, including Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across 100+ countries and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues exceeding $20 billion. coxautoinc.com

 

 

SOURCE Kelley Blue Book

For further information: Andrew Nicolai, 949-293-5241, andrew.nicolai@coxautoinc.com; Brenna Buehler, 909-225-4643, brenna.buehler@coxautoinc.com; Nichole Mrasek, 678-429-7627, nichole.mrasek@coxautoinc.com
Key Contacts

Sr. Public Relations Manager
Brenna Buehler
949.267.4781
brenna.buehler@coxautoinc.com

Sr. Public Relations Manager
Nichole Mrasek
404.568.6352
nichole.mrasek@coxautoinc.com  

 

  

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