The estimated average transaction price for light vehicles in the United States was $32,769 in November, up 3% from October and increased by $352 (1.1 percent) year-over-year, according to Kelley Blue Book.
“Transaction prices continue to rise as consumers look for newly introduced or redesigned models as well as crossovers and pickup trucks,” said Alec Gutierrez, senior analyst for Kelley Blue Book.
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“Toyota had the largest gains in transaction prices due to a 5 percent jump in the redesigned Corolla as well as double-digit gains for the all-new Lexus IS. GM continues to see prices improve with their redesigned Silverado, which is well positioned to take advantage of surging demand for pickups while Honda enjoyed solid growth from their redesigned Acura MDX, Honda Civic and Honda Odyssey.”
Prices on electric vehicles in the US continue to fall.
“Electric vehicles had the largest decrease in pricing, down 15 percent due to several price cuts during the past year,” said Karl Brauer, senior analyst for Kelley Blue Book.
| November 2013 Transaction Price (Avg.) | October 2013 Transaction Price (Avg.) | November 2012 Transaction Price (Avg.) | Percent Change October 2013 to November 2013 | Percent Change November 2012 to November 2013 | |
| Honda (Acura, Honda) | $27,858 | $27,843 | $26,664 | 0.10% | 4.50% |
| Chrysler (Chrysler, Dodge, Fiat, Jeep, RAM) | $31,948 | $32,356 | $32,295 | -1.30% | -1.10% |
| Ford (Ford, Lincoln) | $34,615 | $35,029 | $34,282 | -1.20% | 1.00% |
| General Motors (Buick, Cadillac, Chevrolet, GMC) | $36,049 | $35,387 | $35,442 | 1.90% | 1.70% |
| Hyundai-Kia | $24,700 | $23,778 | $24,515 | 3.90% | 0.80% |
| Nissan (Nissan, Infiniti) | $29,310 | $28,196 | $29,214 | 4.00% | 0.30% |
| Toyota (Lexus, Scion, Toyota) | $31,284 | $30,113 | $29,827 | 3.90% | 4.90% |
| Volkswagen (Audi, Volkswagen) | $34,750 | $34,143 | $33,459 | 1.80% | 3.90% |
| Industry | $32,769 | $31,823 | $32,417 | 3.00% | 1.10% |
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