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June 19, 2024 at 12:26 PM. Over the past year, buying a car has become slightly more affordable for Americans. ... At the beginning of May, the average new car transaction price was $48,389.
Although new vehicle transaction prices are trending down slightly in 2023, the average is sitting at a high $48,275, up 3.7% or $1,744 year-over-year (YoY) for April.
The average transaction price for a new car is around $47,000 and will probably hold steady for a while yet, according to Kelley Blue Book (KBB). However, the amount of cars that middle-class ...
It looks at both prices and the time it will take to pay off an average car. The average new car sold for $48,623 in October -- that's a lot of money, but Americans' average wages have gone up, too.
The Edmunds.com True Market Value New Vehicle Calculator displays the estimated average price consumers are paying when buying new vehicles. The Edmunds.com True Market Value Used Vehicle Appraiser estimates the actual transaction prices for used vehicles bought and sold by dealers and private parties. [27]
The cost of a new vehicle has gone down a little over 1 percent, but after months on end of relentless price increases, we'll take it. Average New Car Price Actually Drops, but It's Still over $48,000
But with the average new car price sitting at around $48,000 per Kelley Blue Book, you shouldn’t decide on any purchase before you thoroughly examine your finances and total costs. Check Out: 10 ...
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported.Overall, new car prices are down 1.4% since October 2022 and 3 ...