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.