US New Car Prices Surpass $50,000 Amid Rising Auto Loan Delinquencies
TL;DR Summary
The average new car price in the US surpassed $50,000 for the first time, driven by luxury models and electric vehicles (EVs), which now account for over 11% of sales. EV prices remain stable despite high incentives, with Tesla leading the market. The trend reflects ongoing inflation and shifting consumer preferences towards higher-end and electric vehicles, amid a market that is experiencing significant growth and disruption.
- US average new car price tops $50k for the first time – here’s why Electrek
- K-shaped cars: New vehicle prices top $50,000 while auto loan delinquencies keep rising CNBC
- Average US Car Prices Top a Record $50,000 on EV Sales Surge Bloomberg.com
- Kelley Blue Book Report: New-Vehicle Average Transaction Price Hits Record High in September, Surges Past $50,000 for the First Time Ever Cox Automotive Inc.
- Average new vehicle price hits record high at more than $50,000 Aftermarket Matters
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