Average New Vehicle Price Surpasses $40,000

KELLEY BLUE BOOK REPORTS AVERAGE NEW-VEHICLE PRICES WAS UP MORE THAN 5% IN JANUARY

(CNN) – A new car in the U.S. may cost you more this year than last year.

According to Kelley Blue Book, new vehicle prices were nearly 5.5% higher in January than January 2020.

That’s an increase of more than $2,100.

Blue Book analysts reported that the average price for a light vehicle was more than $40,000 last month.

Still they say prices have fallen nearly a percent from last month, dropping around $295.00.

Categories: Business, US News