Average new car price exceeds $41,000, hits record high
August 19, 2021 at 08:00 AM EDT
It has never been more expensive to buy a new car than right now, according to the latest sales forecast from J.D. Power and LMC Automotive. The average transaction price of new cars sold in July 2021 reached a record of $41,044. That beat the previous high of $39,942 set the month before. A rare confluence of factors continues to drive up new and...
It has never been more expensive to buy a new car than right now, according to the latest sales forecast from J.D. Power and LMC Automotive. The average transaction price of new cars sold in July 2021 reached a record of $41,044. That beat the previous high of $39,942 set the month before. A rare confluence of factors continues to drive up new and...