The Latest Breaking News from Kelley Blue Book

The CPI report showed used car prices went up. Here's what happened.

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.

Car prices are still high and they are unlikely to fall anytime soon

The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. This is a look at today's deeply weird auto market.

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.

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

After a year plagued by low inventory on dealer lots, 2022 is expected to end with automakers selling just under 14 million new vehicles for the lowest sales in more than a decade, according to Kelley Blue Book estimates released this week.

U.S. Transportation Secretary Pete Buttigieg was grilled by a member of Congress over the high prices of electric vehicles. Here’s what Buttigieg had to say and the companies he referenced.

You may be entitled to significant recovery if your car is totaled and you’re not at fault for the wreck.