What is the Average Price of a Car?

What is the Average Price of a Car?


The world is getting pretty funny. “Post” COVID life has come to be most strange. We are facing shortages in a wide range of goods, insane house prices, and car prices have shot through the roof of sanity like Willy Wonka’s elevator. What the hell is happening? Let’s take a closer look at car prices. What is the average price of a car in 2022?

A customer inspects the Monroney sticker on a Ford vehicle at the Helfman Ford dealership
A dealership window sticker | Brandon Bell/Getty Images

What is the average price of a new car?

Kelly Blue Book reports that the average price of a new car as of May 2022 was a searing $46,526. Of course, this number undulates with each new model and price shift. The broader point is that the average new car costs nearly $50,000. How did we get here?

Leave a Comment

Your email address will not be published.