Auto
New-Car Transaction Prices Jump More Than 3 Percent Year-Over-Year In May 2016, According To Kelley Blue Book
Published
9 years agoon

IRVINE, Calif., (FNN NEWS) – The analysts at Kelley Blue Book www.kbb.com, the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry, today report the estimated average transaction price (ATP) for light vehicles in the United States was $33,845 in May 2016. New-car prices have increased by $1,139 (up 3.5 percent) from May 2015, while decreasing $116 (down 0.3 percent) from last month.
“Continuously growing demand for SUVs and trucks helped push overall average transaction prices up this month,” said Tim Fleming, analyst for Kelley Blue Book. “The overall share of light trucks in May 2016 should be around 60 percent, up from 55 percent in May 2015. The Detroit automakers are benefitting most from this trend, as their transaction prices are up between 4-6 percent. Manufacturers focusing on car-heavy lineups are still seeing year-over-year strength, but at a much more modest level.”
Manufacturer
May
2016 Transaction Price (Avg.)*
April
2016 Transaction Price (Avg.)*
May
2015 Transaction Price (Avg.)*
Percent Change April 2016 to May 2016*
Percent Change May
2015 to May
2016*
American Honda (Acura, Honda)
$27,302
$27,387
$26,723
-0.3%
2.2%
Fiat Chrysler (Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, RAM)
$35,129
$35,087
$33,704
0.1%
4.2%
Ford Motor Company (Ford, Lincoln)
$36,900
$37,507
$35,109
-1.6%
5.1%
General Motors (Buick, Cadillac, Chevrolet, GMC)
$38,654
$38,633
$36,628
0.1%
5.5%
Hyundai-Kia
$24,400
$24,328
$24,324
0.3%
0.3%
Nissan North America (Nissan, Infiniti)
$27,439
$27,608
$27,184
-0.6%
0.9%
Subaru
$28,068
$28,164
$27,532
-0.3%
1.9%
Toyota Motor Company (Lexus, Scion, Toyota)
$31,070
$31,112
$29,878
-0.1%
4.0%
Volkswagen Group (Audi, Volkswagen, Porsche)
$39,670
$40,336
$38,272
-1.7%
3.7%
Industry
$33,845
$33,961
$32,706
-0.3%
3.5%
*Kelley Blue Book Average Transaction Prices do not include applied consumer incentives
While the domestic automakers are seeing the greatest strength on their utility and truck lineups, Toyota Motor Company also shows significant growth in its average transaction prices, increasing 4 percent year-over-year. The Toyota brand rose 5.2 percent, with all models showing improvement. The Tacoma revealed the biggest jump at 12 percent, while the refreshed RAV4 is up 6 percent.
Volkswagen Group is up 3.7 percent on a higher share of sales for its Audi and Porsche brands. The more mainstream Volkswagen brand declined 6 percent, with nearly all models transacting lower year-over-year. The lone bright spot in its lineup is the Golf, which rose 4 percent on a higher mix of the Golf R, the performance variant.
View Table Fullscreen
Segment
May
2016 Transaction Price (Avg.)*
April
2016 Transaction Price (Avg.)*
May
2015 Transaction Price (Avg.)*
Percent Change April 2016 to May 2016*
Percent Change May
2015 to May
2016*
Compact Car
$20,146
$20,135
$20,317
0.1%
-0.8%
Compact SUV/Crossover
$27,628
$27,655
$27,070
-0.1%
2.1%
Electric Vehicle
$38,492
$41,098
$37,683
-6.3%
2.1%
Entry-level Luxury Car
$40,420
$40,476
$40,777
-0.1%
-0.9%
Full-size Car
$34,640
$34,350
$33,481
0.8%
3.5%
Full-size Pickup Truck
$46,878
$46,680
$45,175
0.4%
3.8%
Full-Size SUV/Crossover
$59,443
$59,540
$58,650
-0.2%
1.4%
High Performance Car
$93,894
$94,171
$91,710
-0.3%
2.4%
High-end Luxury Car
$95,926
$95,934
$91,098
0.0%
5.3%
Hybrid/Alternative Energy Car
$26,375
$26,395
$25,118
-0.1%
5.0%
Luxury Car
$56,884
$56,545
$56,012
0.6%
1.6%
Luxury Compact SUV/Crossover
$41,048
$41,031
$41,067
0.0%
0.0%
Luxury Full-size SUV/Crossover
$84,585
$83,605
$83,586
1.2%
1.2%
Luxury Mid-size SUV/Crossover
$54,753
$55,248
$53,488
-0.9%
2.4%
Mid-size Car
$25,100
$25,084
$25,043
0.1%
0.2%
Mid-size Pickup Truck
$31,933
$31,685
$29,571
0.8%
8.0%
Mid-size SUV/Crossover
$37,247
$37,278
$36,427
-0.1%
2.2%
Minivan
$32,659
$32,329
$32,383
1.0%
0.9%
Sports Car
$35,296
$35,403
$33,248
-0.3%
6.2%
Subcompact Car
$15,419
$15,371
$15,634
0.3%
-1.4%
Subcompact SUV/Crossover
$24,696
$24,921
$24,524
-0.9%
0.7%
Van
$32,942
$32,568
$32,517
1.1%
1.3%
Grand Total
$33,845
$33,961
$32,706
-0.3%
3.5%
*Kelley Blue Book Average Transaction Prices do not include applied consumer incentives
To discuss this topic, or any other automotive-related information, with a Kelley Blue Book analyst on-camera via the company’s on-site studio, please contact a member of the Public Relations team to book an interview.
For more information and news from Kelley Blue Book’s KBB.com, visit www.kbb.com/media/,
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______________________________________________
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Representative Duran’s HB 91 Passes in Tourism, Infrastructure, and Energy Subcommittee
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TALLAHASSEE, Fla. – Source: Florida House of Representatives // Earlier today, HB 91 passed with unanimous bipartisan support in the Tourism, Infrastructure, and Energy Subcommittee. HB 91 provides DHSMV authority relating to the display & use of digital license plates and specifies requirements for digital license plates, digital license plate providers, & digital license plate consumers.
“Bringing digital license plates to Florida helps to pave the way into a more connected future. Florida has always been on the cutting-edge of technology and allowing the use of this technology can bring large-scale efficiency and savings to the over 17 million registered vehicles in our state. I am happy this bill was able to make it out of committee and is on its way to becoming law,” said Representative Nicholas X. Duran (D- Miami).
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Tesla on Part-Automated Drive System Slams into Police Car
Published
4 years agoon
August 28, 2021
ORLANDO, Florida (AP) — A Tesla using its partially automated driving system slammed into a Florida Highway Patrol cruiser Saturday on an interstate near downtown Orlando and narrowly missed its driver, who had pulled over to assist a disabled vehicle.
Earlier this month, the U.S. government opened a formal investigation into Tesla’s Autopilot driving system after a series of similar collisions with parked emergency vehicles.
The trooper whose cruiser was hit shortly before 5 a.m. Saturday had activated his emergency lights and was on the way to the disabled vehicle when the Tesla hit the cruiser’s left side and then collided with the other vehicle, highway patrol spokeswoman Lt. Kim Montes told The Orlando Sentinel.
The report said the 27-year-old man in the Tesla and the driver of the disabled vehicle suffered minor injuries and the trooper was unhurt.
Tesla did not immediately respond to an email sent to its press address.
Autopilot has frequently been misused by Tesla drivers, who have been caught driving drunk or even riding in the back seat while a car rolled down a California highway.
The electric vehicle maker uses a camera-based system, a lot of computing power, and sometimes radar to spot obstacles, determine what they are, and then decide what the vehicles should do. But researchers say it has had trouble with parked emergency vehicles and perpendicular trucks in its path.
The National Highway Traffic Safety Administration opened the Tesla probe after tallying 11 crashes since 2018 in which Teslas on autopilot or cruise control have hit vehicles where first responders have used flashing lights, flares, an illuminated arrow board or cones warning of hazards.
In those crashes, 17 people were injured and one was killed, the NHTSA said. An investigation could lead to a recall or other enforcement action.
The National Transportation Safety Board, which also has investigated Tesla crashes, has recommended that NHTSA and Tesla limit the autopilot’s use to areas where it can safely operate. It also recommended that Tesla be required to improve its system to ensure drivers pay attention.
Last year the NTSB blamed Tesla, drivers and lax regulation by NHTSA for two collisions in which Teslas crashed beneath crossing tractor-trailers.
The crashes into emergency vehicles cited by NHTSA began on Jan. 22, 2018, in Culver City, California, near Los Angeles when a Tesla using autopilot struck a parked firetruck with flashing lights. No one was injured in that accident.
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