US EditionAverage 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.
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By Ramishah Maruf, CNN New car buyers can expect to shell out an average of more than $50,000 for the first time, according to a report from Kelley Blue Book. The average price customers paid for a new vehicle in the United States was $50,080 in September, reflecting in part the steadily rising prices following the imposition of auto tariffs. While the tariffs have certainly affected prices, Kelley Blue Book, which tracks prices in the auto indu…
US car prices reach new high as luxury vehicle, EV sales surge nationwide
The average new vehicle transaction price in the U.S. reached a record high in September.The average new vehicle transaction price exceeded $50,000 for the first time after rising steadily for more than a year, according to recent estimates by Kelley Blue Book. That average transaction price was up 2.1% from August and 3.6% year over year, marking the largest annual gain since the spring of 2023, according to the data. As 2026 model-year vehicle…
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