New-Car Transaction Prices Up 0.4 Percent In September 2014
|
Chrysler, General Motors Continue Year-Over-Year Strength; Hyundai-Kia Benefit from Redesigned Sonata
IRVINE, CA -- Oct. 1, 2014: The analysts at Kelley Blue Book today report the estimated average transaction price (ATP) for light vehicles in the United States was $32,500 in September 2014. New-car prices have increased by $133 (up 0.4 percent) from September 2013, while rising $56 (0.2 percent) from last month.
"Non-luxury utility vehicles are driving some of the strength in transaction prices, with combined market share expected to rise 2 percentage points to 27.8 percent of the market," said Alec Gutierrez, senior analyst for Kelley Blue Book. "In addition to strong utility sales, average transaction prices are up for small, medium and large SUVs/crossovers. With consumers continually shifting toward utilities rather than more traditional sedans, we expect to see transaction prices continue to rise." See table below:
Manufacturer | September 2014 Transaction Price (Avg.)* | August 2014 Transaction Price (Avg.)* | September 2013 Transaction Price (Avg.)* | Percent Change August 2014 to September 2014* | Percent Change September 2013 to September 2014* |
American Honda (Acura, Honda) | $26,498 | $26,576 | $27,263 | -0.3% | -2.8% |
Chrysler Group (Chrysler, Dodge, Fiat, Jeep, RAM) | $33,773 | $33,819 | $32,160 | -0.1% | 5.0% |
Ford Motor Company (Ford, Lincoln) | $34,964 | $34,750 | $34,854 | 0.6% |
0.3% |
General Motors (Buick, Cadillac, Chevrolet, GMC) | $36,899 | $37,206 | $35,295 | -0.8% | 4.5% |
Hyundai-Kia | $24,463 | $24,261 | $23,971 | 0.8% | 2.1% |
Nissan North America (Nissan, Infiniti) | $27,504 | $27,244 | $28,597 | 1.0% |
-3.8% |
Toyota Motor Company (Lexus, Scion, Toyota) | $29,954 | $30,127 | $29,531 | -0.6% | 1.4% |
Volkswagen Group (Audi, Volkswagen, Porsche) | $38,174 | $38,434 | $37,764 | -0.7% | 1.1% |
Industry | $32,500 | $32,444 | $32,367 | 0.2% | 0.4% |
*Kelley Blue Book Average Transaction Prices do not include applied consumer incentives |
"Hyundai-Kia also made a significant gain, up 2.1 percent in September," said Tim Fleming, analyst for Kelley Blue Book. "The redesigned Sonata helped bring the model average transaction price up 6.4 percent, while Kia's pricing is down 1.2 percent, due to increased sales of the compact Kia Soul, which now accounts for one-quarter of Kia's sales."