Average New-Vehicle Prices Up 3.5% Year-Over-Year in January 2020 on Sales Mix

Feb 13, 2020

Estimated reading time: 1 minute

The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $37,851 in January 2020New-vehicle prices increased $1,296 (up 3.5%) from January 2019, while falling $806 (down 2.1%) from last month.

“Much of the year-over-year gains were mix-related, as cars went from 30% of the market in January 2019 to just 25% in January 2020,” said Tim Fleming, analyst for Kelley Blue Book. “Both trucks and SUVs picked up share, as SUVs climbed to 52% (up from 48%) and trucks rose to 19% of the market (up from 17%). If the sales mix remained steady from a year ago, the year-over-year increase in average transaction prices would have been only 1.5%.”

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