Kelley Blue Book reports that the average sale price of a new vehicle has hit a record high over $50,000

Rising new car prices have consumers looking at the used market more closely

The average selling price of a new car has now eclipsed $50,000 for the very first time in history, according to Kelley Blue Book.

The price of just about everything has climbed higher — and new vehicles are no exception. But when the average transaction price for a new vehicle hit $50,080 in September, many car shoppers surely encountered sticker shock. The ATP (average transaction price) this year for new vehicles has risen 3.6% year-over-year, which is the biggest increase since spring 2023. There are several factors driving up new car prices including tariffs, the end of the federal EV tax credit and the

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