New Vehicle Average Transaction Prices: A Closer Look
A comparison of the average transaction prices of new vehicles sold in America from 2022, 2023, and today reveals a different story than what is often reported.
Despite the third quarter having just ended, many media outlets have jumped at the chance to re-report attention-grabbing headlines, such as:
- 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 report punchy headlines to garner pageviews.
In this analysis, we aim to separate fact from fiction and provide a clearer understanding of new vehicle average transaction prices.
Author's summary: New vehicle prices have barely changed since 2022, despite media reports suggesting otherwise.
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