FI showroom red and grey logo
MenuMENU
SearchSEARCH

KBB: SUV/Pickup Demand Drive Up May's Avg. Transaction Price

May's average transaction price for light vehicles rose by a healthy 3%, even as new-vehicle demand is expected to falter in 2018, according to the vehicle information site.

by Staff
June 5, 2018
KBB: SUV/Pickup Demand Drive Up May's Avg. Transaction Price

 

2 min to read


IRVINE, Calif. — Average transaction prices rose by a healthy 3% in May, even as new-vehicle demand is expected to falter in 2018, Kelley Blue Book reported on Friday.

According to the firm, the estimated average transaction price for light vehicles in the United States was $35,635 in May 2018, up $1,187, or 3.4%, from May 2017 but down $145, 0.4%, from April.

Ad Loading...

“It’s no surprise prices were helped by SUV demand, but pickup trucks played a big role in May’s increases as well,” said Kelley Blue Book analyst Tim Fleming. “Prices in both full-size and mid-size truck segments were up 4%, and it is shaping up to be a pivotal time for pickups with the new RAM truck now on the market, a new Chevrolet Silverado coming later in the year, and the Ford Ranger returning to the U.S. early next year.”

Ford Motor Co. is among the automakers benefitting from strong utility and pickup truck lineups. The company’s average transaction price grew nearly 5% in May, as both brands, Ford and Lincoln, put up solid numbers.

Lincoln’s average transaction price was up 14%, due to the new Navigator, whose transaction price jumped 32% from this time last year. For the Ford brand, the new Expedition increased 15% from a year ago, while the 460-horsepower Mustang GT helped the model’s average improve by 12%. A strong mix of F Series sales also helped Ford, as the brand’s average transaction price climbed 4%.

General Motors also was up 4% year-over-year, with the Chevrolet brand leading the way with a 5% boost in transaction prices. The brand’s increase came on a strong mix of Silverado sales, as well as the redesigned Traverse, which posted a 12% in its transaction price. In addition, the new Buick Enclave was up 7%, although an expectedly high sales mix of Encore will result in a slight decline in average transaction prices for Buick.

More Auto Finance

Photo of document next to calculator and inkpen
Auto FinanceJuly 20, 2026

Dealerships Are Paying the Price for Extended Car Loans

Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.

Read More →
silver car in background with hand in front holding out a set of keys, Trade-In Trouble, F&I and Showroom
Auto Financeby Lauren LawrenceJuly 20, 2026

Trade-Ins in Negative Equity Reach New Heights

As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.

Read More →
Two men in suit jackets shaking hands in front of a new-looking white vehicle
Auto Financeby Hannah MitchellJuly 15, 2026

Auto Credit Plentiful

June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.

Read More →
Ad Loading...
Woman's hands holding an wallet empty of cash
Auto Financeby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Three men smiling for headshots
Auto Financeby Lauren LawrenceJuly 1, 2026

Porsche Financial Services Shifts Structure

After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Ad Loading...
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Photo of man holding a car key
Auto Financeby Hannah MitchellJune 17, 2026

New Cars a Tad More Affordable

May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.

Read More →
Photo of a white toy car next to piles of coins
Auto Financeby Hannah MitchellJune 8, 2026

First-Quarter Sees Long Auto Loan Growth

Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.

Read More →
Ad Loading...
Assurant, Mastering Credit Friction, Sales Series, Expert Trainer Josh Krach
Auto FinanceMay 29, 2026

Mastering Credit Friction

In this video, Josh Krach explains how to turn credit friction into an advantage.

Read More →