Average New-Car Prices Up 3% Year-Over-Year for June 2019
Average New-Car Prices Up 3% Year-Over-Year for June 2019
The valuation analysts at Kelley Blue Book recently reported the estimated average transaction price for a light vehicle in the United States was $37,285 in June 2019. New-vehicle prices increased $1,131 (up 3.1%) from June 2018, while decreasing $67 (down 0.2%) from last month.
“Transaction price growth accelerated in June, climbing 3% as demand for trucks and SUVs pushed sales and prices up in those segments. Light trucks and SUVs are expected to account for about 71% of sales in June, up from 68% a year ago,” said Tim Fleming, analyst for Kelley Blue Book.
“Overall, SUV prices were up 4% and trucks rose 3%, while car prices were flat (and still lost market share). Luxury and mainstream mid-size SUVs are showing the most strength right now, with brand new models such as the BMW X7 and Kia Telluride driving incremental sales and price growth for their brands.”
Latest Stories
- Ex-NBA Star Big Bill Cartwright to hold book signing
- The Link & Option Center and Concerned Political and Community Leaders Hosted a Press Conference Recently To Issue a Red Alert on the Maternal Health Crisis in South Suburban Cook County
- Chicago Chosen for 2026 International Jazz Day, Uniting World Sounds in the Birthplace of Blues
- The RoseRanch Grocery Store Narrows The Food Desert Gap On Far Southside
- Dancer Teaches Life Skills Through Dance
Latest Podcast
STARR Community Services International, Inc.
