November 2016 New Car Cost Up Nearly 2% Year-Over-Year According To Kelley Blue Book
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"Climbing transaction prices reflect the shift in consumer preference from cars to more expensive trucks and SUVs," said Tim Fleming, analyst for Kelley Blue Book. "Manufacturers with strong truck and SUV lineups are currently seeing record pricing, especially in these late fall months when these segments are especially popular. However, the subcompact utility segment, which is the fastest-growing segment in the industry this year, is showing signs of slowing, with prices falling by 1 percent, thanks to higher discounts used to sell down excess inventory."
Among the greatest gains of all major automakers, Nissan North America's transaction prices rose 3.4 percent in November 2016, with the Nissan brand up 5 percent. Nissan was helped by the new Armada SUV, which increased 16 percent year-over-year, and the Titan XD pickup helped push the Titan's average transaction prices up 34 percent to $50,447.
On the other hand, Hyundai-Kia transaction prices fell 2 percent, with Hyundai's prices falling 4 percent and Kia's prices decreasing 1 percent. The Sonata had the biggest declines for Hyundai, dropping 5 percent. Kia's biggest improver was the new Sportage, a recent 2017 Kelley Blue Book Best Buy Award winner, which is up 6 percent.
| Segment |
November 2016 |
October 2016 |
November 2015 |
Percent 2016 to 2016* |
Percent 2015 to 2016* |
| Compact Car |
$20,339 |
$20,440 |
$20,037 |
-0.5% |
1.5% |
| Compact SUV/Crossover |
$26,700 |
$26,559 |
$26,453 |
0.5% |
0.9% |
| Electric Vehicle |
$39,104 |
$39,775 |
$39,637 |
-1.7% |
-1.3% |
| Entry-level Luxury Car |
$40,806 |
$41,586 |
$40,467 |
-1.9% |
0.8% |
| Full-size Car |
$34,391 |
$34,515 |
$33,849 |
-0.4% |
1.6% |
| Full-size Pickup Truck |
$46,473 |
$46,576 |
$45,985 |
-0.2% |
1.1% |
| Full-Size SUV/Crossover |
$60,108 |
$59,627 |
$60,221 |
0.8% |
-0.2% |
| High Performance Car |
$95,421 |
$89,946 |
$99,746 |
6.1% |
-4.3% |
| High-end Luxury Car |
$92,174 |
$93,463 |
$92,780 |
-1.4% |
-0.7% |
| Hybrid/Alternative Energy Car |
$25,439 |
$25,860 |
$24,519 |
-1.6% |
3.8% |
| Luxury Car |
$55,960 |
$57,436 |
$55,778 |
-2.6% |
0.3% |
| Luxury Compact SUV/Crossover |
$41,242 |
$40,260 |
$40,471 |
2.4% |
1.9% |
| Luxury Full-size SUV/Crossover |
$82,585 |
$83,706 |
$83,331 |
-1.3% |
-0.9% |
| Luxury Mid-size SUV/Crossover |
$54,081 |
$55,007 |
$54,093 |
-1.7% |
0.0% |
| Mid-size Car |
$25,121 |
$25,274 |
$24,964 |
-0.6% |
0.6% |
| Mid-size Pickup Truck |
$32,169 |
$32,857 |
$31,514 |
-2.1% |
2.1% |
| Mid-size SUV/Crossover |
$37,057 |
$36,914 |
$36,706 |
0.4% |
1.0% |
| Minivan |
$32,831 |
$33,444 |
$32,635 |
-1.8% |
0.6% |
| Sports Car |
$31,196 |
$31,594 |
$30,201 |
-1.3% |
3.3% |
| Subcompact Car |
$16,461 |
$16,635 |
$16,529 |
-1.0% |
-0.4% |
| Subcompact SUV/Crossover |
$24,482 |
$24,357 |
$24,734 |
0.5% |
-1.0% |
| Van |
$34,579 |
$35,341 |
$33,330 |
-2.2% |
3.7% |
| Grand Total |
$34,948 |
$34,999 |
$34,367 |
-0.1% |
1.7% |
| *Kelley Blue Book average transaction prices do not include applied consumer incentives |
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NOVEMBER 2016
| Manufacturer |
November 2016 |
October 2016 |
November 2015 |
Percent 2016 to 2016* |
Percent 2015 to 2016* |
| American Honda (Acura, Honda) |
$27,426 |
$27,545 |
$27,448 |
-0.4% |
-0.1% |
| Fiat Chrysler (Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, RAM) |
$36,244 |
$36,420 |
$34,614 |
-0.5% |
4.7% |
| Ford Motor Company (Ford, Lincoln) |
$38,488 |
$38,953 |
$37,573 |
-1.2% |
2.4% |
| General Motors (Buick, Cadillac, Chevrolet, GMC) |
$39,826 |
$39,827 |
$38,857 |
0.0% |
2.5% |
| $24,493 |
$24,570 |
$24,915 |
-0.3% |
-1.7% |
|
| Nissan North America (Nissan, Infiniti) |
$28,796 |
$29,625 |
$27,847 |
-2.8% |
3.4% |
| $28,481 |
$28,761 |
$27,904 |
-1.0% |
2.1% |
|
| Toyota Motor Company (Lexus, Scion, Toyota) |
$31,887 |
$31,673 |
$31,423 |
0.7% |
1.5% |
| Volkswagen Group (Audi, Volkswagen, Porsche) |
$39,985 |
$39,631 |
$40,066 |
0.9% |
-0.2% |
| Industry |
$34,948 |
$34,999 |
$34,367 |
-0.1% |
1.7% |
| *Kelley Blue Book average transaction prices do not include applied consumer incentives |
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