It’s been a lousy year for car sales.
Kelley Blue Book is reporting the average price for a light vehicle is up just 1%.
Sales numbers are down more than 2% and vehicles are staying on lots longer. That’s led to bigger deals and discounts as dealers struggle to clear inventory.
One bright spot is Hyundai Kia. Thanks to new three-row SUV’s and electric vehicles, the company saw a 10% jump in prices this year.
Honda saw its prices fall by 2% in the United States, but its Civic models stood out and managed to gain 3%.
The average price for a light vehicle last month was $38,393.