Average New-Car Prices Up Nearly 4 Percent Year-Over-Year for May 2019

Jun 3, 2019

The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $37,185 in May 2019New-vehicle prices increased $1,320 (up 3.7 percent) from May 2018, while decreasing $208 (down 0.6 percent) from last month.

“Although May’s sales tally is expected to be down, the good news is that average prices for those sales rose nearly 4 percent from one year ago,” said Tim Fleming, analyst for Kelley Blue Book. “SUVs bounced back in May 2019 and drove many of those increases for automakers, especially those with new and redesigned models on dealer lots. However, with this expected to be the fifth down month in a row, the question for this year remains whether automakers will start to trade some of their pricing power for greater incentives and more sales.”

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