November transaction prices rise to highest levels In almost year
(December 4, 2012) SANTA MONICA, Calif. — TrueCar estimated today that the average transaction price for light vehicles in the United States was $30,832 in November, up $335 (1.1 percent) from November 2011 and up $346 (1.1 percent) from October 2012.
"Industry average transaction prices climb once again with consumers' continued appetite for highly contended vehicles," said Jesse Toprak, Senior Analyst at TrueCar.
"Today's consumers value a nicely equipped vehicle as much as they do a low cost of ownership. Automakers are getting better at providing all the modern conveniences consumers come to expect for more of their models, resulting in higher overall prices hence improved profitability."
|
Manufacturer |
November 2012 Transaction Price |
October 2012 Transaction Price |
November 2011 Transaction Price |
Percent Change November 2011 to November 2012 |
Percent Change October 2012 to November 2012 |
|
|
Chrysler (Chrysler, Dodge, Jeep, Ram, Fiat) |
$29,796 |
$29,541 |
$29,071 |
2.5% |
0.9% |
|
|
Ford (Ford, Lincoln) |
$32,543 |
$32,141 |
$31,498 |
3.3% |
1.3% |
|
|
GM (Buick, Cadillac, Chevrolet, GMC) |
$32,891 |
$32,547 |
$33,027 |
-0.4% |
1.1% |
|
|
Honda (Acura, Honda) |
$26,897 |
$27,011 |
$26,529 |
1.4% |
-0.4% |
|
|
Hyundai/Kia |
$22,342 |
$22,410 |
$21,265 |
5.1% |
-0.3% |
|
|
Nissan (Nissan, Infiniti) |
$27,704 |
$27,652 |
$27,770 |
-0.2% |
0.2% |
|
|
Toyota (Lexus, Scion, Toyota) |
$28,396 |
$27,910 |
$27,442 |
3.5% |
1.7% |
|
|
Volkswagen (Audi, Volkswagen) |
$33,610 |
$33,408 |
$33,004 |
1.8% |
0.6% |
|
|
Industry |
$30,832 |
$30,486 |
$30,497 |
1.1% |
1.1% |
|
In addition, TrueCar estimated that the average incentive for light-vehicles was $2,764 in November 2012, up $117 (4.4 percent) from November 2011 and up $447 (19.3 percent) from October 2012.
|
Manufacturer |
November 2012 Incentives |
October |
November 2011 Incentives |
Percent Change November |
Percent Change October 2012 to November 2012 |
|
Chrysler (Chrysler, Dodge, Jeep, Ram, Fiat) |
$2,526 |
$3,062 |
$3,237 |
-22.0% |
-17.5% |
|
Ford (Ford, Lincoln) |
$2,307 |
$2,522 |
$2,923 |
-21.1% |
-8.5% |
|
GM (Buick, Cadillac, Chevrolet, GMC) |
$3,720 |
$2,915 |
$3,100 |
20.0% |
27.6% |
|
Honda (Acura, Honda) |
$2,428 |
$1,882 |
$2,333 |
4.1% |
29.0% |
|
Hyundai/Kia |
$1,586 |
$1,375 |
$1,227 |
29.2% |
15.3% |
|
Nissan (Nissan, Infiniti) |
$4,273 |
$2,375 |
$2,949 |
44.9% |
79.9% |
|
Toyota (Lexus, Scion, Toyota) |
$2,075 |
$1,622 |
$1,899 |
9.2% |
27.9% |
|
Volkswagen (Audi, Volkswagen) |
$2,259 |
$2,264 |
$2,504 |
-9.8% |
-0.2% |
|
Industry |
$2,764 |
$2,317 |
$2,647 |
4.4% |
19.3% |
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