After briefly rising above $50,000 for the first time in September, the average transaction price for new vehicles dipped to $49,766 in October, according to Kelley Blue Book.
That doesn’t necessarily mean car prices are falling overall, but rather that consumers are getting a little choosier in terms of which cars they’re actually purchasing. The good news is that even with tariffs and general inflation pushing up the price of many vehicles, there are plenty of high-quality new cars that cost far less than $50,000.
