KBB: New Car Prices Recede


Kelley Blue Book - June 27, 2012

According to Kelley Blue Book, new car prices are down on average about $500 year-over-year, with the most significant declines for vehicles offered by Japanese brands. “The average Honda model is selling for nearly $1,200 less than this time last year, and a Subaru, Mazda or Toyota is approximately $700 to $800 more affordable.” Further, low inventory levels no longer suppress new-vehicle sales as supply is meeting demand.