#Kelleu blue bobok driver#

The list of participating vehicles is finalized during the summer with testing at our Irvine, California, headquarters starting in September. Based on this coverage and data gleaned from our resale values and 5-Year Cost to Own data, we determine which all-new or extensively redesigned vehicles we will consider as Best Buy candidates. This extensive hands-on experience with new vehicles provides the basis for our expert reviews, road test videos, Top 10 lists, and comparisons found on KBB.com. These opportunities include manufacturer vehicle launches, test vehicle evaluation and video production at our offices, and insights derived from our long-term test fleet. Much of the initial information needed to qualify and evaluate vehicles for our annual Best Buy program comes from the vehicles test-driven by KBB editors throughout the year. A vehicle that earns a Kelley Blue Book Best Buy Award is certainly one that warrants serious consideration.

#Kelleu blue bobok driver#

These attributes go hand in hand with vehicles that offer comfort, convenience, the latest in high-tech driver and safety assists, intuitive infotainment, and at the same time are easy and fun to drive. At the top of our list are vehicles that combine affordability, low ownership and operating costs, dependability, and reliability. EVs are also available in a wider range of vehicle types, including compact hatchbacks, luxury sedans, SUVs, and even pickup trucks.Įven as the vehicles under our consideration continue to evolve, what doesn’t change are the criteria Kelley Blue Book editors rely on to help determine which models are eligible for consideration and, ultimately, the awards themselves. Like the expanding roster of truck and SUV categories, electric vehicles will have a growing impact on the luxury and mainstream market. High gas prices are driving consumers to consider electric vehicles, hybrids and smaller, more fuel-efficient gas-powered models.Also attracting a wider range of competing vehicles is the electric vehicle category, where new, longer-range, and more affordable models are beginning to hit the market. Hybrid/alternative energy vehicles are selling at just over $39,000 in June, a $3,593 increase over May, and an $8,453 increase versus a year ago. The average price for a new electric vehicle – over $66,000, according to Kelley Blue Book estimates, is well above the industry average and more aligned with luxury prices versus mainstream prices. The average price paid for a new electric vehicle (EV) increased in June by 3.8% compared to May and 13.7% versus a year ago. Luxury vehicle share remains historically high and increased to 18% of total sales in June, up from 17.3% in May.

For comparison, luxury vehicles were selling for nearly $825 under MSRP one year ago. In June 2022, the average luxury buyer paid $66,476 for a new vehicle, up $1097 month over month, the highest price for a luxury vehicle ever. “These segments are selling for more than 30% less than the industry average transaction price.” PRICE CHANGE PERCENTAGE BY AUTOMAKER “While prices for the industry are, on average, higher than MSRP, there are some non-luxury segments that are more affordable such as compact cars and compact SUVs/crossovers,” said Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive.

Consumers have paid roughly $1,000 more than MSRP in each month of 2022 versus only $158 over MSRP in June 2021. Car shoppers in the non-luxury segment paid on average $1,017 above sticker price. The average price paid for a new non-luxury vehicle last month was $43,942, up $615 from May, the highest price for a non-luxury vehicle on record. On the other side of the spectrum, Buick, Lincoln and Ram were selling at nearly 1% below MSRP. In June, new vehicles from Honda, Kia and Mercedes-Benz were transacting on average between 6.5% and 8.7% over MSRP. The average price paid for a new vehicle has been “over sticker” throughout 2022.

These conditions enabled most dealers to continue selling inventory at or above the manufacturer’s suggested retail price (MSRP). Customer demand remains strong given continued supply issues. New-vehicle inventory days’ supply inched up to the high 30s in June after being in the mid-30s since mid-January.