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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%.
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.
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 ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: ... New cars Average price (March 2020): $38,408 Average price (March 2024): $49,447 (29% change)
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: ... with the average new car price hovering around $47,000 and used cars averaging $27,000. Edmunds ...
The average new car price is now $47,401, but that's only one aspect of the total cost of car ownership -- and that cost can vary greatly from state to state. For example, some states have no or ...