Average new-vehicle prices up 2% year-over-year in April
(May 5, 2020) IRVINE, Calif. — The valuation analysts at Kelley Blue Book have reported the estimated average transaction price for a light vehicle in the United States was $38,060 in April. New-vehicle prices increased $763 (up 2.0%) from April 2019, while prices dropped $102 (down 0.3%) from last month.
"Although auto sales are expected to drop more than 50% in April, average transaction prices held steady from the earlier months of the year and rose by 2% year-over-year, likely helped by the abundant incentive offers enacted by automakers and finance companies in March of this year," said Tim Fleming, analyst for Kelley Blue Book.