Prices of new cars rose last month, along with sales numbers and higher incentives offered by dealerships, according to automotive research company Kelley Blue Book.
The average transaction price for a new vehicle in November was $48,724, up 1.5 percent year-over-year, according to a Dec. 11 statement from Kelley Blue Book. This was the second consecutive month of year-over-year increases. Despite the higher prices, new vehicle sales rose last month.
