With gas prices making a downward trend, sales of SUVs are making an upward climb. In fact, SUVs, pickups, and crossovers when added together make up half of total volume of sales in April. Now with the increase in SUV sales, prices also went up. Edmunds reports that average transaction prices on SUVs have climbed nine percent when compared to last year.
Now when something goes up, something must come down. In this case, it happens to be small cars. Edmunds says that the average timeframe to sell a small car has risen from two and half months to three. The increase in the time to sell has also caused the average transaction price to remain flat.