According to Kelley Blue Book, the growing electrified vehicle segment far outpaces the rest of the industry in Q3 2022, with record sales in the U.S. market.
According to data from Kelley Blue Book, the average transaction price (ATP) for a new vehicle surpassed the $48,000 mark in June, the highest ATP on record.
This year, Ford and Toyota pickup trucks were awarded top honors in their respective categories.
For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
New-vehicle prices increased $749 year-over-year in July, while decreasing $473 from the previous month, and the average transaction price for light vehicles in the United States was $38,378.
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.
The average transaction price for a new light vehicle in the U.S. was $37,590 in September, a 0.6% year-over-year increase, according to Kelley Blue Book.
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.
For the third year in a row — and fourth overall — Toyota has earned Kelley Blue Book's overall Best Resale Value Award for mainstream brand.
Deprecation was low through most of 2018. Segments such as sedans performed better than they have in years past, while trucks and SUVs continue to retain their values well.
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