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Ever since President Trump announced auto tariffs 47 days ago, the cost of new cars has been steadily climbing.
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Electric vehicle sales also mark another record in Q3, thanks to higher incentives and more choices.
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The legendary automotive expert helped develop the remarketing industry's leading resource on valuing and pricing used vehicles for the retail market.
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According to data from Kelley Blue Book, the average transaction price (ATP) for a new vehicle surpassed the $48,000 mark in June, the highest ATP on record.
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For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
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New-vehicle sales are expected to be down 3% compared to the same time last year, for a total of 1.3 million retail and fleet vehicles sales during February, which lowers the estimated seasonally adjusted annual rate (SAAR) to 17.1 million compared to February 2016’s 17.6 million SAAR.
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Toyota, Porsche, General Motors and Subaru were some of the big winners in Kelley Blue Book’s 2017 Best Resale Value Awards, annual awards that recognize vehicles expected to best retain their value over the first five years of ownership.
Read More →Eric Ibara, director of residual value consulting for Kelley Blue Book, will present a seminar at the 2014 Car Rental Show that uses real case studies to provide insights into the factors affecting residual values for popular rental car models.
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Most plug-in electric vehicles will depreciate more dramatically over five years than their conventional gasoline counterparts, according to a new report from Kelley Blue Book via USA Today.
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Toyota leads automotive brands in resale value with Subaru a close second in Kelley Blue Book's 2014 Residual Analysis Report released Monday.
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