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New-Car Transaction Prices Increase Nearly 2 Percent In April 2016, According To Kelley Blue Book
Detroit Automakers Report Particularly Strong Transaction Prices; Truck Segments Have Largest Year-Over-Year Gains Despite Rising Fuel Prices

IRVINE, Calif., May 3, 2016 /PRNewswire/ -- The analysts at Kelley Blue Book www.kbb.com, the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry, today report the estimated average transaction price (ATP) for light vehicles in the United States was $33,865 in April 2016.  New-car prices have increased by $620 (up 1.9 percent) from April 2015, while increasing $74 (up 0.2 percent) from last month. 

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"April 2016 continues to show steady improvement in average transaction prices for nearly all manufacturers, with particularly strong numbers for the Detroit automakers," said Tim Fleming, analyst for Kelley Blue Book.  "Even though gas prices rose slightly in April, truck segments saw the largest year-over-year increases, with mid-size trucks climbing nearly 7 percent on average.  This segment is on the rise, as consumers who don't need a full-size truck are finding they can still get many amenities and plenty of utility from the new mid-size trucks now available."

Manufacturer

 

 

April

 2016 Transaction Price

 (Avg.)*

March

2016 Transaction Price

 (Avg.)*

April

2015 Transaction Price

 (Avg.)*

Percent Change March 2016 to April 2016*

Percent Change April 2015 to April 2016*

American Honda (Acura, Honda)

$27,399

$27,311

$26,924

0.3%

1.8%

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

$35,032

$34,985

$33,434

0.1%

4.8%

Ford Motor Company (Ford, Lincoln)

$36,541

$36,720

$35,792

-0.5%

2.1%

General Motors (Buick, Cadillac, Chevrolet, GMC)

$38,768

$38,876

$37,058

-0.3%

4.6%

Hyundai-Kia

$24,582

$24,547

$24,514

0.1%

0.3%

Nissan North America (Nissan, Infiniti)

$27,351

$27,407

$27,304

-0.2%

0.2%

Subaru

$28,232

$28,154

$27,769

0.3%

1.7%

Toyota Motor Company (Lexus, Scion, Toyota)

$31,247

$31,297

$30,146

-0.2%

3.7%

Volkswagen  Group (Audi, Volkswagen, Porsche)

$39,584

$39,239

$39,975

0.9%

-1.0%

Industry

$33,865

$33,791

$33,245

0.2%

1.9%

*Kelley Blue Book Average Transaction Prices do not include applied consumer incentives

Among all major automakers, Fiat Chrysler had the largest increase in transaction prices at 4.8 percent year-over-year.  The Dodge brand increased 4 percent on its large cars, the Charger (up 5 percent) and Challenger (up 8 percent), while RAM grew 5 percent on a larger mix of the pricier crew cab configuration for its pickup truck. 

General Motors' transaction prices rose a healthy 4.6 percent in April 2016, with all brands moving upward except Buick, which was flat.  The all-new Chevrolet Camaro had the biggest increase at 10 percent, while the Silverado gained 6 percent on a strong mix of crew cab sales.  These helped push the Chevrolet brand up 6 percent at $35,943

Lastly, Ford Motor Company jumped 2.1 percent, thanks to strong numbers from the Explorer, which was up 5 percent.  Ford's biggest seller, the F-Series, was up 1.5 percent.  Lincoln also had a good month, as pricing increased 5 percent to $46,901, with the biggest increase coming from the MKX at 9 percent. 

Segment

 

 

April

 2016

Transaction

Price

(Avg.)*

March

2016

Transaction

Price

(Avg.)*

April

2015

Transaction

Price

(Avg.)*

Percent

 Change

 March

 2016 to

 April 2016*

Percent

Change

April

2015 to

 April 2016*

Compact Car

$20,157

$20,297

$20,415

-0.7%

-1.3%

Compact SUV/Crossover

$27,706

$27,558

$27,164

0.5%

2.0%

Electric Vehicle

$39,203

$38,770

$39,748

1.1%

-1.4%

Entry-level Luxury Car

$40,753

$40,641

$40,922

0.3%

-0.4%

Full-size Car

$34,163

$34,326

$33,448

-0.5%

2.1%

Full-size Pickup Truck

$46,584

$46,447

$44,807

0.3%

4.0%

Full-size SUV/Crossover

$59,661

$59,416

$59,059

0.4%

1.0%

High Performance Car

$92,571

$93,144

$91,836

-0.6%

0.8%

High-end Luxury Car

$91,606

$92,977

$91,729

-1.5%

-0.1%

Hybrid/Alternative Energy Car

$26,179

$26,506

$25,172

-1.2%

4.0%

Luxury Car

$56,298

$56,951

$56,151

-1.1%

0.3%

Luxury Compact SUV/Crossover

$41,184

$41,173

$41,533

0.0%

-0.8%

Luxury Full-size SUV/Crossover

$85,120

$84,358

$84,880

0.9%

0.3%

Luxury Mid-size SUV/Crossover

$56,550

$55,975

$54,633

1.0%

3.5%

Mid-size Car

$25,058

$25,073

$25,073

-0.1%

-0.1%

Mid-size Pickup Truck

$31,573

$31,524

$29,586

0.2%

6.7%

Mid-size SUV/Crossover

$36,872

$36,906

$35,925

-0.1%

2.6%

Minivan

$32,558

$32,431

$32,322

0.4%

0.7%

Sports Car

$34,938

$34,689

$33,459

0.7%

4.4%

Subcompact Car

$15,292

$15,239

$15,497

0.3%

-1.3%

Subcompact SUV/Crossover

$24,970

$24,875

$25,054

0.4%

-0.3%

Van

$32,189

$33,323

$31,883

-3.4%

1.0%

Grand Total

$33,865

$33,791

$33,245

0.2%

1.9%

*Kelley Blue Book Average Transaction Prices do not include applied consumer incentives

To discuss this topic, or any other automotive-related information, with a Kelley Blue Book analyst on-camera via the company's on-site studio, please contact a member of the Public Relations team to book an interview.

For more information and news from Kelley Blue Book's KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb.

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 the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used cars this week.  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's KBB.com ranked highest in its category for brand equity by the 2015 Harris Poll EquiTrend® study and has been named Online Auto Shopping Brand of the Year for four consecutive years.  Kelley Blue Book Co., Inc. is a Cox Automotive™ brand.

About Cox Automotive
Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has nearly 30,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues of $18 billion and approximately 55,000 employees. Cox Enterprises' other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.

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SOURCE Kelley Blue Book

For further information: Chintan Talati, 949-267-4855, chintan.talati@kbb.com, Joanna Pinkham, 404-568-7135, joanna.pinkham@kbb.com, Brenna Robinson, 949-267-4781, brenna.robinson@kbb.com, Michelle Behar, 949-268-4259, michelle.behar@kbb.com
Key Contacts

Sr. Public Relations Manager
Brenna Buehler
949.473.6595
brenna.buehler@coxautoinc.com

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

 

  

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