The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $36,843 in April 2019. New light vehicle prices increased $732 (up 2 percent) from April 2018, while rising $93 (up 0.3 percent) from last month.
“Transaction prices climbed 2 percent in April, still largely due to the shifting sales mix toward SUVs and crossovers,” said Tim Fleming, analyst for Kelley Blue Book. “With slowing retail demand and increased competition, SUV prices were up just 1 percent for the month. However, the shrinking market share of the more affordable car segments, now close to 30 percent, is driving the industry average upward.”
Trucks saw the biggest increases in April 2019, with prices rising 4 percent on average on the strength of the redesigned Chevrolet Silverado, GMC Sierra and RAM pickups launched last year.