Latest News & Resources
The latest automotive industry trends and news from Kelley Blue Book.
-Bill Brauer, Pre-Owned Director and Wholesale Manager, Morristown Motors, Inc.
Spoiler alert: the stable and long-term revenue opportunity in fixed operations isn’t going anywhere. In fact, the opportunity only continues to grow, especially as our industry continues to experience inventory and supply chain challenges. […]
Gain customer trust, gain a lifetime customer. This adage is true in any industry, but it’s especially true in business segments that have an elevated level of mistrust; and unfortunately, whether true or not, this often includes a […]
If your dealership has a service department, this post is for you. For most dealerships with service bays, fixed ops makes up more than half of your overall profit, yet only […]
Average New-Vehicle Prices Rise More Than $2,000 from Last Year, Hitting All-Time Record High for May
IRVINE, Calif., June 22, 2021 /PRNewswire/ — The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $2,125 (up 5.4%) from May 2020, while […]
Average New-Vehicle Prices Continue to Climb, up 2.2% Year Over Year for April 2021, According to Kelley Blue Book
Volkswagen Strength Driven by Best-Selling Models; Tesla Falls on Price Declines for Its Most Expensive Vehicles IRVINE, Calif., May 18, 2021 /PRNewswire/ — The estimated average transaction price for a light vehicle […]
IRVINE, Calif., May 11, 2021 /PRNewswire/ — Consumer shopping for electrified and fuel-cell vehicles, including hybrids, plug-in hybrids and pure electric vehicles (EVs), hit new heights in the first quarter of 2021 according […]
Average New-Vehicle Prices Remain Above $40,000 Threshold, Increase More Than 4% Year-Over-Year, According to Kelley Blue Book
All-New Affordable Electric Vehicle Models Impact Above-Average Transaction Price for Segment IRVINE, Calif., April 15, 2021 /PRNewswire/ — The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for […]