Dossier
CarGurus
Coverage of CarGurus in the Nexus archive.
Hyundaiorganization2Chevroletorganization2Cox Automotiveorganization2Kiaorganization1Nissanorganization1Hyundai Venuetopic1Chevy Traxtopic1Ford Motor Co.organization1General Motorsorganization1Hondaorganization1Mazdaorganization1Subaruorganization1Stellantisorganization1J.D. Powerorganization1Dana Ebleperson1Tyler Marcusperson1Charlie Chesbroughperson1
- Inexpensive new cars are rare, but these models still start under $25,000
The average new car price in the US exceeds $50,000, with only 11 models starting below $25,000 before fees. Affordable options like the Hyundai Venue ($20,550) and Chevy Trax ($21,700) remain available, but lower-priced vehicles are becoming increasingly scarce due to rising prices and incentives.
- Buyers fret as the average cost of a new car nears $50K
The average cost of a new car in the U.S. has reached nearly $50,000, up 30% in six years, driven by inflation, production shifts toward larger SUVs, and higher interest rates. Consumers face affordability challenges as monthly payments rise to $775, with fewer budget-friendly options available. Long-term loans are becoming more common but increase overall costs.