Trucks have shown the most strength of any segment with full-size trucks up 3%, while Kelley Blue Book shows midsize pickups rose 6%, aided by new and redesigned models.
Kelley Blue Book will deliver a comprehensive overview of the electric vehicle market, while Vincentric will present total cost of ownership (TCO) data for available electric models.
Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
New-vehicle transaction prices climbed nearly 3% in February, led by the strength in full-size pickup trucks.
One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
The underlying strength of trucks is best represented by the mid-size truck segment, which, despite no new products, saw prices climb 3%.
Prices in both full-size and mid-size truck segments were up 4%, and it is shaping up to be a pivotal time for pickups.
Five General Motors vehicles from the 2018 model year have the lowest cost to own in their categories over a five-year period, while four Toyota or Lexus vehicles also made an annual list from Kelley Blue Book.
Subaru has been named the top automotive brand by Kelley Blue Book as having the best perception among buyers, while Ford and Lexus also earned honors among the 2017 Brand Image awards.
With sales skewed toward utility vehicles, the average transaction price for light vehicles in February rose by $757, or 2.3%.
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