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Automakers offered 36 car models within that price range, as of five years ago. That number dropped to 10 in 2023. Kelley said cars priced at $60,000 and up jumped 163%.
The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of ...
The average price of a new car has climbed steadily over the past couple of years. Due to supply chain issues during the pandemic, car prices went up -- and never really stopped. See: 25 Sneaky Car...
3. New Hampshire. Sales tax: 0.00% Aug. 2023 avg. new/used car price: $45,928/$25,263 Aug. 2023 avg. new/used dealer fees: $1,372/$1,372 Dealer fees are well below average in New Hampshire, but ...
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 ...
Reduced supply, increased demand: It all adds up to higher prices for the new-car-buying public. New Car Price Keeps Climbing, with Average Now at Almost $47,100 Skip to main content
According to Kelley Blue Book, the average cost of a used car in October 2023 was $26,533, while a new car could be bought for the average price of $48,334. Even with those seemingly high rates ...
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.