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Average U.S. New Car Price Surpasses $50,000—An All-Time High Amid Surging EV Sales
Electric vehicles reached a record 11.6% market share in September as luxury and EV sales pushed average new vehicle prices above $50,000, Kelley Blue Book reported.
- On Monday, Kelley Blue Book reported average transaction prices for new vehicles hit $50,080 in September, the first time the industry average topped $50,000.
- Electric vehicles' market share climbed to a record 11.6% last month as car buyers rushed purchases before government-backed EV incentives expired, boosting Q3 volume nearly 30%.
- The average EV sold for $58,124 last month, up 3.5% from August, while Tesla's ATP was $54,138 and incentives averaged 15.3% .
- Price-Conscious buyers are increasingly sidelined, many turning to the used-vehicle market as Fitch Ratings reports 6.43% of subprime auto loans were at least 60 days past due last month.
- With tariffs earlier this year, costs can raise prices by up to $6,000, and Keating said `We've been expecting to break through the $50,000 barrier`, as the average MSRPs hit $52,183.
18 Articles
18 Articles
Average New Car Price Surpasses $50,000, Breaks Record: Kelley Blue Book
The average transaction price (ATP) of a new vehicle crossed $50,000 in September for the first time ever, according to an Oct. 13 statement by vehicle valuation company Kelley Blue Book (KBB). ATP last month was a record high $50,080, up by 2.1 percent from August. It was 3.6 percent higher than a year ago, the largest annual gain since spring 2023. Amid rising prices, incentive spending by sellers rose in September to hit 7.4 percent of ATP—ro…
Trump's Trade War Pushes Average Car Price Over $50,000 - teleSUR English
Auto tariffs are increasing costs and uncertainty, posing risks of production disruptions. On Monday, Kelley Blue Book, an American automotive valuation and research company, released data showing that the average new-vehicle price reached US$50,080 in September for the first time. RELATED: Trade escalation: Trump imposes 100% tariff on imports from China U.S. The September figure represented a 2.1 percent increase from August and a year-over-ye…
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