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However, although ATPs are down 2.4% from the beginning of 2023, but the average new car in America will cost you $48,451, up $42 from last year and 0.6% from July, according to Kelley Blue Book.
Unfortunately for prospective buyers, new cars have seen continued price hikes over the past 11 months. Combined with higher interest rates, these increases have made new cars less affordable over ...
“We can tell you that new vehicle price inflation has almost disappeared this year,” the report said. More From GOBankingRates Jaspreet Singh Shares 5 Ways To Grow $10k to $100k in Three Years
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
Buying a new car continued to get more expensive in July thanks to rising sticker prices and interest rates, with the estimated typical monthly payment hitting a new record high of $733, according ...
Kelley Blue Book said that the average new-car price in July 2023 was $48,401, which marked the 10th month of year-over-year declines due to improved inventory levels and higher loan rates ...