Average transaction prices for new vehicles remain stubbornly high.

The average age of vehicles on U.S. roads is close to 13 years.

When it comes to whether to buy a new car or fix your current ride, for most of us, it comes down to a straightforward issue of dollars and cents.

It’s a decision that this reporter confronted earlier this year when he chose to spend the money to put a remanufactured engine with a three-year warranty in a 2010 Ford Fusion rather than buy new. The engine, including labor and additional work done at the time, cost a bit more than $7,900.

So far, the decision seems to be the right one. After all, the prices of new vehicles continue to be a challenge for many consumers. The new vehicle average transaction price in July, according to Kelley Blue Book, was $48

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