New-Car Transaction Prices Up One Percent In November 2013, According To Kelley Blue Book

Toyota, Honda Show Price Gains; Electric Vehicles Prices Drop 15 Percent

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Dec 03, 2013, 11:31 ET

IRVINE, Calif., Dec. 3, 2013 /PRNewswire/ -- New-car transaction prices saw an increase of $946 in November 2013. The estimated average transaction price for light vehicles in the United States was $32,769, up 3.0 percent from last month and increased by $352 (1.1 percent) year-over-year, according to Kelley Blue Book www.kbb.com, the leading provider of new and used car information.

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"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. "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."

Manufacturer	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	0.1%	4.5%
Chrysler (Chrysler, Dodge, Fiat, Jeep, RAM)	$31,948	$32,356	$32,295	-1.3%	-1.1%
Ford (Ford, Lincoln)	$34,615	$35,029	$34,282	-1.2%	1.0%
General Motors (Buick, Cadillac, Chevrolet, GMC)	$36,049	$35,387	$35,442	1.9%	1.7%
Hyundai-Kia	$24,700	$23,778	$24,515	3.9%	0.8%
Nissan (Nissan, Infiniti)	$29,310	$28,196	$29,214	4.0%	0.3%
Toyota (Lexus, Scion, Toyota)	$31,284	$30,113	$29,827	3.9%	4.9%
Volkswagen (Audi, Volkswagen)	$34,750	$34,143	$33,459	1.8%	3.9%
Industry	$32,769	$31,823	$32,417	3.0%	1.1%

"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. "Chrysler Group saw a drop in pricing stemming from its high-volume Dodge brand. However, Jeep increased seven percent, largely driven by the new Grand Cherokee."

For more information and news from Kelley Blue Book's KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb.

About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In and Suggested Retail Values, and Fair Purchase Price, which reports what others are paying for new cars this week. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. For two years running, Kelley Blue Book's KBB.com ranked highest in its category for brand equity and was named Online Auto Shopping Brand of the Year in the 2012 and 2013 Harris Poll EquiTrend^® study. Kelley Blue Book Co., Inc. is a subsidiary of AutoTrader Group, which includes AutoTrader.com, vAuto, VinSolutions and HomeNet Automotive. AutoTrader Group is a majority-owned subsidiary of Cox Enterprises.

SOURCE Kelley Blue Book