New-car transaction prices climb 2 percent year-over-yearStaff writer ▼ | July 1, 2016
The estimated average transaction price (ATP) for light vehicles in the United States was $33,652 in June 2016, according to Kelley Blue Book.
Auto industry The strength in trucks and SUVs
"It is no surprise that strength in trucks and SUVs continue to drive up average transaction prices and help brands with models in these segments," said Tim Fleming, analyst for Kelley Blue Book.
"In particular, mid-size trucks stand out as one of the strongest segments with prices up nearly 9 percent in June 2016. With full-size trucks now averaging $47,000, a large gap still exists to the segment's mid-size counterparts, which sit closer to $32,000."
The domestic automakers reveal the greatest year-over-year gains this month. Fiat Chrysler transaction prices grew nearly 4 percent with the Chrysler and Dodge brands rising most.
Chrysler is seeing a 9 percent average gain due to the new Pacifica minivan, while nearly every model in the Dodge lineup is up, helping the brand's transaction prices increase 5 percent.
Ford Motor Company also is up 4 percent due to stronger F-Series sales and increased pricing on the Explorer, which was up 6 percent.
The Transit also had a great month, increasing 5 percent. On the luxury side, the Lincoln brand was flat overall, but the redesigned MKX was a bright spot for the automaker, climbing 6 percent to $48,009 on average. ■