New trucks to market, such as the Chevrolet SIlverado 1500, are helping increase new-vehicle average transaction prices. 
 - Photo courtesy of Ram Truck

New trucks to market, such as the Chevrolet SIlverado 1500, are helping increase new-vehicle average transaction prices. 

Photo courtesy of Ram Truck

The analysts at Kelley Blue Book reported the estimated average transaction price for light vehicles in the United States was $35,511 in June 2018. New-vehicle prices increased by $736 (up 2.1%) from June 2017, while rising $118 (up 0.3%) from last month.

"Helped once again by robust demand for SUVs and trucks, average transaction prices were up a solid 2% in June 2018," said Tim Fleming, analyst for Kelley Blue Book. "The mix of light trucks is estimated to be at 69%, up from 64% just one year ago. Last month was particularly strong for pickup trucks, as full-size truck prices rose 5% on new models and richer trim mixes. The underlying strength of trucks is best represented by the mid-size truck segment, which despite no new products, saw prices climb 3%."

Check out the average transaction prices by segment below: 

Segment June 2018 Avg. Transaction Price May 2018 Avg. Transaction Price June 2017 Avg. Transaction Price Percent Change May 2018 to June 2018 Percent Change June 2017 to June 2018
Compact SUV/Crossover $28,400 $28,456 $28,057 -0.20% 1.20%
Full-size Pickup Truck $49,017 $48,191 $46,566 1.70% 5.30%
Full-Size SUV/Crossover $62,925 $63,401 $60,686 -0.70% 3.70%
Mid-size Pickup Truck $33,299 $33,161 $32,192 0.40% 3.40%
Mid-size SUV/Crossover $38,196 $38,050 $37,870 0.40% 0.90%
Minivan $34,374 $34,197 $33,297 0.50% 3.20%
Subcompact SUV/Crossover $24,278 $24,270 $24,283 0.00% 0.00%
Van $34,944 $34,744 $34,501 0.60% 1.30%

Source: Kelly Blue Book


Related: April Class 8 Truck Orders Stronger Than Expected

0 Comments