Cox Enterprises Inc.

Pickup Trucks Help Drive Average Transaction Price Strength for May 2018, According to Kelley Blue Book

Jun 1, 2018

IRVINE, Calif., June 1, 2018 /PRNewswire/ -- The analysts at Kelley Blue Book today reported the estimated average transaction price for light vehicles in the United States was $35,635 in May 2018. New-vehicle prices increased by $1,187 (up 3.4 percent) from May 2017, while falling $145 (down 0.4 percent) from last month.   

Kelley Blue Book Logo. (PRNewsFoto/Kelley Blue Book)

"Average transaction prices rose a healthy 3 percent this month and remain strong even as new-vehicle demand is expected to falter in 2018," said Tim Fleming, analyst for Kelley Blue Book. "It's no surprise prices were helped by SUV demand, but pickup trucks played a big role in May's increases as well. Prices in both full-size and mid-size truck segments were up 4 percent, and it is shaping up to be a pivotal time for pickups with the new RAM truck now on the market, a new Chevrolet Silverado coming later in the year, and the Ford Ranger returning to the U.S. early next year."


May
 2018
Transaction
Price (Avg.)*

April
2018
Transaction
Price (Avg.)*

May
2017
Transaction
Price (Avg.)*

Percent
Change
April
2018 to
May
2018*

Percent
Change
May

2017 to
May

2018*

Manufacturer


American Honda (Acura, Honda)

$28,220

$28,409

$27,536

-0.7%

2.5%

Fiat Chrysler (Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, RAM)

$37,282

$37,111

$37,079

0.5%

0.5%

Ford Motor Company (Ford, Lincoln)

$40,171

$39,966

$38,402

0.5%

4.6%

General Motors (Buick, Cadillac, Chevrolet, GMC)

$40,148

$40,084

$38,634

0.2%

3.9%

Hyundai-Kia

$25,153

$25,356

$25,157

-0.8%

0.0%

Nissan North America (Nissan, Infiniti)

$28,873

$28,785

$29,267

0.3%

-1.3%

Subaru

$28,502

$28,427

$28,239

0.3%

0.9%

Toyota Motor Company (Lexus, Toyota)

$32,141

$32,587

$31,372

-1.4%

2.5%

Volkswagen  Group (Audi, Volkswagen, Porsche)

$42,134

$43,395

$39,350

-2.9%

7.1%

Industry

$35,635

$35,780

$34,448

-0.4%

3.4%

*Kelley Blue Book average transaction prices do not include applied consumer incentives

Ford Motor Company is among the automakers benefitting from strong utility and pickup truck lineups. Ford Motor Company average transaction prices grew nearly 5 percent in May 2018, as both brands put up solid numbers. Lincoln's average transaction prices are up 14 percent, due to the new Navigator, which jumped 32 percent from this time last year. For the Ford brand, the new Expedition increased 15 percent, while the 460-horsepower Mustang GT helped the model's average improve by 12 percent. A strong mix of F-Series sales also helped Ford, as the brand climbed 4 percent.

General Motors also was up 4 percent year-over-year, with the Chevrolet brand rising the most at 5 percent. Chevrolet's increase came on a strong mix of Silverado sales, as well as the redesigned Traverse, which posted a 12 percent gain. In addition, the new Buick Enclave was up 7 percent, although an expectedly high sales mix of Encore will result in a slight decline in average transaction prices for Buick.


May
2018
Transaction
Price

(Avg.)*

April
2018
Transaction
Price
(Avg.)*

May
2017
Transaction
Price
(Avg.)*

Percent
Change
April
2018 to
May
2018*

Percent
Change
May

2017 to
May

2018*

Segment


Compact Car

$20,528

$20,516

$20,548

0.1%

-0.1%

Compact SUV/Crossover

$28,459

$28,624

$28,140

-0.6%

1.1%

Electric Vehicle

$36,539

$36,820

$37,840

-0.8%

-3.4%

Entry-level Luxury Car

$42,144

$42,147

$42,186

0.0%

-0.1%

Full-size Car

$34,356

$34,406

$34,461

-0.1%

-0.3%

Full-size Pickup Truck

$48,213

$47,653

$46,459

1.2%

3.8%

Full-size SUV/Crossover

$63,349

$63,038

$60,515

0.5%

4.7%

High Performance Car

$98,422

$101,606

$92,250

-3.1%

6.7%

High-end Luxury Car

$98,584

$97,830

$99,084

0.8%

-0.5%

Hybrid/Alternative Energy Car

$26,614

$26,673

$26,494

-0.2%

0.5%

Luxury Car

$59,420

$59,267

$57,511

0.3%

3.3%

Luxury Compact SUV/Crossover

$44,662

$44,902

$42,825

-0.5%

4.3%

Luxury Full-size SUV/Crossover

$89,426

$89,539

$82,354

-0.1%

8.6%

Luxury Mid-size SUV/Crossover

$55,968

$56,222

$55,308

-0.5%

1.2%

Mid-size Car

$25,791

$25,881

$25,151

-0.3%

2.5%

Mid-size Pickup Truck

$33,177

$33,284

$32,039

-0.3%

3.6%

Mid-size SUV/Crossover

$38,175

$38,072

$37,748

0.3%

1.1%

Minivan

$34,588

$34,459

$33,715

0.4%

2.6%

Sports Car

$31,670

$31,629

$31,186

0.1%

1.6%

Subcompact Car

$15,152

$15,224

$15,225

-0.5%

-0.5%

Subcompact SUV/Crossover

$24,281

$24,439

$24,224

-0.6%

0.2%

Van

$35,148

$34,938

$35,510

0.6%

-1.0%

Grand Total

$35,635

$35,780

$34,448

-0.4%

3.4%

*Kelley Blue Book average transaction prices do not include applied consumer incentives

For more information and news from Kelley Blue Book's KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, follow us on Instagram at https://www.instagram.com/kbb_com/ (or @kbb_com), and get updates on Google+ at https://plus.google.com/+kbb.

About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand.

About Cox Automotive
Cox Automotive Inc. makes buying, selling and owning cars easier for everyone. The global company's 34,000-plus team members and family of brands, including Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across 100+ countries and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues exceeding $20 billion. coxautoinc.com

 

SOURCE Kelley Blue Book

For further information: Andrew Nicolai, 949-293-5241, andrew.nicolai@coxautoinc.com or Brenna Buehler, 909-225-4643, brenna.buehler@coxautoinc.com or Nichole Mrasek, 678-429-7627, nichole.mrasek@coxautoinc.com


http://coxenterprises.mediaroom.com/No-template-loaded,10