MenuMENU
SearchSEARCH

KBB: New-Car Transaction Prices Climb Nearly 2% in April

The vehicle information site pinned the year-over-year increase on high demand for SUVs, noting that most manufacturers registered higher average transaction prices despite softening sales.

by Staff
May 2, 2017
KBB: New-Car Transaction Prices Climb Nearly 2% in April

 

2 min to read


IRVINE, Calif. — The estimated average transaction price (ATP) for light vehicles in the United States was $34,552 in April 2017, a $579 (up 1.7 percent) increase from April 2016 but a $48 $48 (down 0.1 percent) decrease from March, Kelley Blue Book reported this week.

The vehicle information site pinned the year-over-year increase on high demand for SUVs, noting that most manufacturers realized higher transaction prices despite softening retail sales.

“These increases appear to be primarily driven by the shift in demand toward SUVs, even with growing segments, such as subcompact SUVs and luxury compact SUVs, seeing year-over-year price declines,” said KBB analyst Tim Fleming. “Kelley Blue Book anticipates average transaction prices will likely begin to decrease when the sales mix of SUVs eventually levels off.”

The average transaction price for Fiat Chrysler was up more than 3% year over year in April.  The Chrysler brand registered an 11% increase, due to the new Pacifica minivan and lower sales of the 200 sedan, KBB noted.  Meanwhile, Jeep increased 5% thanks to a stronger mix of the Grand Cherokee, as the smaller Compass SUV changes to a new generation. The average for the RAM brand, however, was down 3%, as full-size pickup truck prices continue to dip.

 Conversely, General Motors’ average transaction prices fell nearly 1%, with only the Buick brand posting a year-over-year increase.  The redesigned LaCrosse sedan, which was up 9%, and the all-new Envision SUV helped boost Buick’s transaction price increase.  The Chevrolet brand registered a 2% decline in its average transaction price, with the Silverado down 4% from last year.

More Auto Finance

A hand holding small burlap money bags next to a toy red car, symbolizing auto financing, loan payments, and dealership profitability.
Auto Financeby StaffNovember 14, 2025

Report Uncovers $4.7B Opportunity for Auto Dealers

Solving mismatched payment quotes can boost sales, profits

Read More →
Industryby Hannah MitchellNovember 10, 2025

Auto Loans More in Reach

October easier to tap despite approval rates falling

Read More →
Industryby Hannah MitchellNovember 3, 2025

Q3 Auto Loans Reveal Stress

Data reflect growing finance activity on the extreme ends of credit risk scale

Read More →
Ad Loading...
Industryby Hannah MitchellOctober 15, 2025

Debt-Strapped Auto Consumers on the Rise

The amounts owed on under-water trade-ins reach new highs.

Read More →
F&Iby Hannah MitchellOctober 10, 2025

Helping the Credit-Crunched

Though many auto consumers are finding it challenging to trade, dealers can leverage conditions to help them get over the hump.

Read More →
IndustryJuly 31, 2025

Auto Borrower Divide Deepens

Recent patterns show good credit helps navigate high interest rates as highly leveraged consumers sink further.

Read More →
Ad Loading...
Industryby Hannah MitchellJuly 10, 2025

Auto Credit Easier to Get

June upticks still came with risky exposures.

Read More →
Industryby StaffJune 12, 2025

Auto Loans a Little Easier to Get

Slight May improvement came with risks to borrowers, lenders.

Read More →
F&Iby StaffJune 5, 2025

Auto Loan Delinquencies Fell in Q1

Experian report shows other shifts, including banks clawing back market share.

Read More →
Ad Loading...
Auto Financeby StaffMay 13, 2025

Auto Credit Picture Muddled

Overall April conditions didn’t benefit the consumer, especially those presenting more risk.

Read More →