Top News

New-Car Transaction Prices Grow Less than 2% in June

July 5, 2017

IRVINE, Calif. ─ Transaction prices grew slower than usual for the month of June, rising $511, or 1.5%, from a year ago to $34,442, according to Kelley Blue Book.

Compared to May, transaction prices were flat. The vehicle information site noted that as the industry enters a “post-peak” environment for new-car sales, more pressure will be placed on transaction prices.

“Kelley Blue Book is seeing more mixed results among manufacturers and popular segments, such as full-size trucks and mid-size cars, both of which are flat, as well as compact SUVs, which rose 1 percent,” said Tim Fleming, analyst for Kelley Blue Book.  “These trends are likely to continue as retail sales weaken.”

Nissan North America’s average transaction prices rose an impressive 6% year over year in June.  The Infiniti brand realized a 2% decline, which was overshadowed by 7% gains at the Nissan brand. A higher mix of trucks and SUVs is responsible for the large increases in the Nissan brand, while the new Armada SUV again saw the greatest improvement, climbing 19%.  The Infiniti brand’s average was lowered primarily by the new entry-level QX30 crossover, which is transacting in the $35,000 range.

Hyundai-Kia’s average transaction prices were flat in June, with the Hyundai brand down 4% and the Kia brand rising 2%. The Kia Sportage has continued to perform well with a year-over-year improvement of 3%. Meanwhile, the new Genesis brand is seeing a strong start in its first year, with average transaction prices just north of $50,000.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

NMAC President Named Infiniti Executive

Mark Kaczynski, president of Nissan’s captive finance company since December 2011, was named vice president of administration and finance for the automaker’s Infiniti luxury brand. Replacing him as president of NMAC is Nissan Canada Finance’s Kevin Cullum.