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The Average New Car Price Has Hit $50,000 For The First Time In History. The $20,000 Vehicle? Now 'Mostly Extinct'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The average price Americans paid for a new car crossed the 50,000markforthefirsttimeeverinSeptember,accordingtonewdatafromKelleyBlueBook.Theaveragetransactionpricereached50,000 mark for the first time ever in September, according to new data from Kelley Blue Book. The average transaction price reached 50,080 last month, up 2.1% from August and 3.6% year over year. Luxury Vehicles, EVs Push Prices Up The spike in new car prices is being driven by a higher mix of luxury vehicles and expensive electric vehicles. Ac ...