Average Price Of New Vehicles By Segment in December 2019

Money on wheelz
Credit: vasabii/Shutterstock.com
The average price of a new vehicle topped $38,000 according to Kelley Blue Book. KBB reports that the estimated average light vehicle transaction price in the U.S. was $38,948 in December 2019. While December transaction prices were up from a year ago, they were down slighly from November.

  • New Vehicle prices increased $656 (up 1.7%) from December 2018
  • New Vehicle prices decreased $80 (down 0.2%) from November 2019.

"New vehicle transaction prices finished the year on a high note, with the average rising nearly 2% and approaching the record set in November 2019," said Tim Fleming, analyst for Kelley Blue Book. "However, as retail demand fell in 2019, dealer discounts grew, approaching 7% of MSRP in December Ė the highest since July 2009. On a positive note, the discounts appear to be working as the average days in inventory fell by two days from the previous month. With sales expected to be down in 2020, anticipate the pressure to continue on new-car prices and incentives."

So, what is the average price of a new vehicle in the segment you are looking for? These December 2019 average transaction prices to give you a good idea on what to expect:

Average Price Of New Vehicles By Segment*

Compact Car $20,972
Compact Crossover $29,758
All-Electric Vehicle $54,380
Entry Level Luxury Car $42,343
Full-Sized Car $35,016
Full-Sized Pickup $50,471
Full-Sized SUV $63,625
High Performance Car $117,724
High End Luxury Car $96,897
Hybrid Car $28,079
Luxury Car $46,448
Luxury Compact SUV $39,380
Luxury Full-Sized SUV $88,789
Luxury Mid-Sized SUV $58,490
Luxury Subcompact SUV $39,380
Mid-Sized Car $26,104
Mid-Sized Truck $35,407
Mid-Sized SUV $39,878
Minivan $35,877
Sports Car $35,973
Subcompact Car $16,988
Subcompact SUV $24,551
Van $35,385
*source: Kelley Blue Book
Related Articles
Research: Best Vehicles To Buy New VS Used
You have heard me say on the air often that some vehicles are better bought as used, and the opposite is also true, depending on new vehicle incentives. You also know I talk a lot about good resale v... More ›
Take Advantage of End Of The Month And Quarter Deals From Your Living Room
What can you say? You may be on lockdown; your dealership may be on lockdown. However, you donít want to miss out on the incredible deals being offered right now? No problem. Our dealers have tota... More ›
Coronavirus Or Not - People Are Still Buying Cars
Our lives have been deeply impacted and overwhelmed by COVID-19, also known as the Coronavirus. Restaurants, bars, movie theaters, and thousands of other businesses have been affected. So, what is g... More ›
Getting Your Car Ready To Trade In At The Dealership
Like most things in life, the more you put into something, the more you get out of it. The same is true when you get your car ready to use as a trade-in. I will tell you some things you need to do, an... More ›
There haven't been any comments left on this blog yet. Be the first to add one!.