U.S. new car prices hit record high, exceeding $50,000

UNITED STATES – A new report from Kelly Blue Book reveals that the average new car price in the U.S. reached $50,080 last month, marking the highest ever recorded.

This milestone represents the first time the average new car price has surpassed the $50,000 mark.

Despite the pandemic's impact on various industries, new car prices have consistently risen without any pandemic-related dips.