Average New-Car Prices Rise 2 Percent Year-Over-Year According to Kelley Blue Book

Oct 2, 2018

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The analysts at Kelley Blue Book today reported the estimated average transaction price for light vehicles in the United States was $35,742 in September 2018New-vehicle prices increased by $687 (up 2 percent) from September 2017, while remaining flat (down 0.4 percent) from last month.

“While September sales are expected to decline, average transaction prices remained strong, rising 2 percent year-over-year,” said Tim Fleming, analyst for Kelley Blue Book. “With interest rates on the rise and manufacturer incentives at a healthy level, thanks to tighter production, monthly payments for consumers are immediately impacted. If gas prices stay high in the fourth quarter, affordability will likely be a concern for new-car buyers and could lead to fewer sales at year-end.”

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