New Vehicle Prices: Separating Fact from Fiction
A comparison of average transaction prices of new vehicles sold in America from 2022, 2023, and today reveals a different story than what mainstream and automotive media report.
Recent headlines from trusted sources have sparked fear and uncertainty, with examples including:
- Kelley Blue Book Report: New-Vehicle Average Transaction Price Hits Record High in September, Surges Past $50,000 for the First Time Ever
- Autoblog: Average New Car Price Crosses $50K Barrier as Americans Struggle to Keep Up
- Yahoo Finance: Sticker shock: Car prices top $50K for first time in US, Kelley Blue Book says
Let's examine these headlines and see if the facts support the picture they paint.
Media outlets often sensationalize headlines to garner pageviews.
Author's summary: New vehicle prices have remained relatively stable since 2022, contrary to media reports.