The average cost for a new vehicle in the U.S. hits a record high: over $51,000

🇺🇸 NPR (US) —
The average cost for a new vehicle in the U.S. hits a record high: over $51,000

AI Summary

The average transaction price for a new vehicle in the United States has reached a record, exceeding $51,000, according to Kelley Blue Book. Rising prices are prompting some buyers to take out longer-term auto loans to manage payments.

Vehicle transaction prices are up to a new record high, according to the Kelley Blue Book — and some buyers are extending their car loans to finance them.

Markets vehicle prices United States auto industry car loans consumer spending Kelley Blue Book

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