That’s according to the valuation analysts at Kelley Blue Book. The number crunchers at KBB just reported that the estimated average transaction price for a light vehicle in the U.S. was $40,857 in January 2021. That’s an increase of $2,110 compared with January 2020, but is actually slightly down – by $295 – from the prior month.
Will new car prices drop? New car prices have been creeping higher for years, but the fact that the average vehicle sale is now more than $40,000 will still take many shoppers by surprise. And if you’re waiting for prices to fall, well you probably shouldn’t.
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