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.
Despite the third quarter having just ended, media outlets have jumped at the chance to re-report attention-grabbing headlines based on data from trusted sources.
- 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 narrative they present.
What we find is quite different than what many outlets opt to report.
Author's summary: New vehicle prices remain relatively unchanged since 2022.
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