Average New Car Prices Set Record High

Jan. 3, 2018—The analysts during Kelley Blue Book currently reported a estimated normal transaction cost (ATP) for light vehicles in a United States was a record-high $36,113 in Dec 2017.

New-car prices have increasing by $583 (up 1.6 percent) from Dec 2016, while climbing $66 (up 0.2 percent) from final month.   

“Average transaction prices sealed a year on a clever note, rising scarcely 2 percent in Dec 2017 to set a record high,” pronounced Tim Fleming, researcher for Kelley Blue Book. “Incentive spending was a regard in 2017, averaging 10.4 percent of MSRP, though encouragingly, this figure hold comparatively prosaic over a final entertain of a year.

“In 2018, seductiveness rate hikes could be another concern, as they bluster to boost monthly payments for consumers; however, Kelley Blue Book anticipates they will assistance minister to another down year of new-vehicle sales some-more than impact prices, that have usually risen along with a economy given a recession.”

Transaction prices for all of 2017 also finished 2 percent aloft than final year, somewhat slower expansion than 2015 and 2016, that was during 2.5 percent.

American Honda’s transaction prices rose scarcely 3 percent in Dec 2017 with a Honda code adult 4 percent and Acura flat.

The CR-V, Honda’s tip seller, continued a clever run with prices adult 6 percent.

In addition, a redesigned Honda Odyssey showed a many improvement, rising 14 percent to tip a minivan segment.

Volkswagen Group saw a biggest burst among a vital manufacturers with normal prices adult 8 percent.

The Volkswagen code climbed 9 percent, interjection to a new SUVs, a Atlas and Tiguan, that also are gaining momentum.

Porsche climbed 5 percent on a strength of a new Panamera.

Audi was adult 4 percent with a redesigned A5 and Q5 any rising 10 percent.

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