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The Latest Breaking News from KBB

Price Parity Between EVs And ICEs Was A Moving Target In November

The average EV transaction price was $52,345 in Nov., 8.5% higher than the industry average price of $48,247; the difference was 7.8% in Oct., according to KBB.

The Average Price Of New EVs Dropped By Almost $15,000 In A Year: KBB

The Average Price Of New EVs Dropped By Almost $15,000 In A Year: KBB

A Tesla-branded car is now cheaper on average than models from Acura, Lexus, Infiniti, and Volvo.

Tesla's Average Transaction Price Was $54,660 In July, Down 20% YOY

Tesla's Average Transaction Price Was $54,660 In July, Down 20% YOY

Tesla helped bring down EV average transaction prices nearly 18 percent year over year in July 2023 to $53,469 from $65,108 one year ago.

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Average EV Transaction Price Down Over $10,000 Year Over Year: KBB

Kelley Blue Book says the average transaction price of a new EV in the US was around $55,000 in April 2023. Meanwhile, the average new car price is $48,275.

Chevrolet Bolt EV And EUV Least Costly EVs To Own For 5 Years: KBB

Kelley Blue Book’s 5-Year Cost to Own information factors in costs like fuel, maintenance and repairs, finance and insurance fees, depreciation, and state fees.

EV Prices Up Marginally In March, According To Kelley Blue Book

Tesla is cutting prices, which has pushed the average down. However, other brands are beginning to sell more EVs, so the average has come back up slightly.

Tesla Wins Best Overall Luxury Brand Again, Kelley Blue Book

Tesla may not be a traditional luxury automaker, but Kelley Blue Book says the brand creates excitement among car shoppers, which brings attention to the brand.

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Tesla Model S And Model X Get Best Resale Value Awards From KBB

Tesla Model S And Model X Get Best Resale Value Awards From KBB

Used car prices are falling, and Tesla's used cars are much cheaper than they once were. However, the Model S and X still hold their value better than rivals.

Thanks To Tesla, Avg US EV Transaction Price Dropped $3,363 In Jan 23

Thanks To Tesla, Avg US EV Transaction Price Dropped $3,363 In Jan 23

It has been said time and time again that EV prices will come down, though we've mostly seen the opposite until the last few months. How low will they go?

Average Price Paid For New EVs Down $3,600 In December 2022: KBB

Average Price Paid For New EVs Down $3,600 In December 2022: KBB

Despite the lower average transaction price, EVs were significantly more expensive than the average new vehicle (overall) estimated by KBB at $49,507.

Electric Car Prices Soar In November 2022: Average Price $65K

Electric Car Prices Soar In November 2022: Average Price $65K

The prices of most new cars are rising, and the average cost of a new car has skyrocketed. This is especially true of the many EVs coming to market.

Interest In Tesla's EVs May Be Waning, According To Survey

Interest In Tesla's EVs May Be Waning, According To Survey

Are people becoming less interested in EVs, Tesla's models too pricey, or other compelling rivals' models appealing to people? Perhaps it's something else?

EVs Hit Avg Transaction Price Of $66K In US, Gas Car Prices Also Rise

EVs Hit Avg Transaction Price Of $66K In US, Gas Car Prices Also Rise

EVs have a higher starting price than comparable gas cars, though long-term ownership costs tell a different story. EVs are getting more expensive, which is the case with most cars.

Tesla Dominates EV Sales In 2022 Despite Mounting Competition

Tesla Dominates EV Sales In 2022 Despite Mounting Competition

EVs made up over 5 percent of total car sales for the first time ever, and many legacy automakers are starting to see substantial sales of their first few EVs.

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Tesla Is Clearly Dominant: Are Rivals Actually Catching Up?

There's been Tesla Killer talk for years, and it continues. However, today, there are many compelling EV rivals, and more are on the way. How will it play out?

Inflation: Tesla's Average Transaction Price Tops All Brands In 2022

Tesla continues to raise prices as Musk warns about inflationary pressure. However, many other brands saw a larger average transaction price year over year.

Tesla Model 3 / Nissan Leaf Only EVs On KBB's 5-Year Cost To Own Awards

It seems EVs need to either be very well-priced like the Leaf or incredibly efficient like the Model 3 to truly offer notable savings over gas-powered rivals.

Tesla Takes Home Three Kelley Blue Book 2022 Brand Image Awards

Tesla is no stranger to controversy and criticism, and also no stranger to awards. Honda is the only other automaker to win three KBB 2022 Brand Image Awards.

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Toyota Tundra, GMC Sierra Top KBB Best Resale Awards List For 2022

Seven nameplates in the top 10 are trucks.

US EV Sales Hit All-Time High In Q4 2021: Tesla Leads w/72% Share

KBB says that of the ~148,000 EVs sold in the States in Q4 2021, Tesla delivered 72% of them, with over 62,000 Model Y crossovers delivered in Q4 2021.

Tesla Now Third Most Considered Luxury Brand, KBB Finds

The study basically refers to how premium car brands are perceived by buyers and Tesla has never been this high in the standings.

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