Average new-car prices up 2% in U.S.
Topics: CAR PRICE U.S.
New-vehicle prices increased $723 (up 2%) from August 2018, while decreasing $54 (down 0.1%) from last month.
Fiat Chrysler had another strong month, posting more than a 6% increase, thanks to RAM and Jeep.
RAM prices grew by 4%, while Jeep rose nearly 7% on the strength of the Wrangler and Gladiator.
Gladiator prices are finally averaging below $50,000, but it still sits more than $10,000 above the next closest mid-size truck.
Dodge also had a good month, rising 5% as the Challenger and Charger showed solid improvement.
Ford Motor Company was up 3% in August, with the Lincoln brand rising the most at 5%.
Lincoln is benefitting from its new products, as the Nautilus jumped 5% and the refreshed MKC rose 3%.
Meanwhile, the Aviator is off to a strong start as it averaged north of $70,000.
The redesigned Explorer saw the biggest improvement for Ford, rising 8%, while the refreshed Edge had a solid gain of 5%. ■