Average new car price zips 2.6% to $33560 - USA TODAY
Average new car price zips 2. 6% to $33,560 Americans paid an average price of $33,560, or 2. 6% more than a year ago, for new cars and trucks in April, according to data from auto researcher Kelley Blue Book. The rise was fueled by automakers' new models, and a return to big, expensive SUVs and other trucks. Those tend to sell at full price, and early buyers of a new model also tend to be people who check all the options boxes. The transaction price boost also came partly from the shift in sales mix in the month in favor of pricier trucks and SUVs, including even hot sales for expensive full-size SUVs, such as General Motors' full-size Chevrolet Suburban, GMC Yukon and... "Full-size trucks were particularly strong, up 4. 5%, while mid-size trucks were up 3. 5%. Incentive spending on trucks also has been lighter this year, indicating a great market for these units right now. In addition to market factors, prices are moving generally up to cover the additional costs of more fuel-efficient drivetrains required by tightening federal fuel economy standards, and the costs of sophisticated safety gear, such as automatic... Source: www.usatoday.com
