New-vehicle transaction prices end 2022 at record highs
(January 12, 2023) ATLANTA — The average transaction price (ATP) of a new vehicle in the U.S. hit a record high in December at $49,507, an increase of 1.9% — $927 — from November and up 4.9% — $2,297 — from year-earlier levels. New-vehicle inventory levels are increasing from historic lows earlier in 2022, but prices remain elevated, according to data released today by Kelley Blue Book.