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.
Kelley Blue Book has rated Volvo's XC40 as its best new model among its 2019 Best Buy award winners, which offer high value at purchase and during the ownership experience, according to the vehicle valuation firm.
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.
New-vehicle sales for 2017 should reach 17.1 million, which would make 2017 the fourth-highest year on record and signals continuing robust health in the automotive industry, according to Kelley Blue Book.
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