(December 1, 2016) IRVINE, Calif. — The analysts at Kelley Blue Book kbb.com, the vehicle valuation and information source trusted and relied upon by both today reported the estimated average transaction price (ATP) for light vehicles in the United States was $34,948 in November. New-car prices have increased by $581 (up 1.7 percent) from November 2015, while dropping $51 (down 0.1 percent) from last month.
"Climbing transaction prices reflect the shift in consumer preference from cars to more expensive trucks and SUVs," said Tim Fleming, analyst for Kelley Blue Book.