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US new vehicle average transaction price tops $50,000 in August

In August, the U.S. average transaction price (ATP) for new vehicles rose back above $50,000 to $50,089, according to Kelley Blue Book. It was the first time ATP topped $50,000 since December, aided by a richer mix of midsize SUV sales and higher subcompact SUV prices.

S. rose back above $50,000 in August to $50,089, according to Kelley Blue Book. It was the first time the ATP has topped $50,000 since December. Kelley Blue Book said the increase was shaped by a richer mix of midsize SUV sales and higher prices for subcompact SUVs.