Automotive
The Average New Car in the U.S. Now Costs $48,000 😱
![The Average New Car in the U.S. Now Costs $48,000 😱](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-The-Average-New-Car-in-the-US-Now-Costs-48000--20240510131259.webp&w=3840&q=75)
What we’re showing
The average transaction price for a new car in the U.S.
Key takeaway
Those looking for a cheap new car have very few options in today's market. Reasons include more standard features (which drives up the base cost of a vehicle), as well as shifting consumer preferences towards pricier crossovers & SUVs.
Supply chain issues during the COVID-19 pandemic also sent prices skyrocketing, though they've come down slightly throughout 2023.
Dataset
New cars with a starting price below $20,000 | |
---|---|
Nissan Versa | $16,925 |
Mitsubishi Mirage | $17,650 |
Kia Rio | $17,875 |
Data sources
Transaction price data comes from Cox Automotive. Visit the source link for more details.
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