Average New Car Prices 2024. With an average new car loan rate sitting at 9.96% apr as of january, and used car rates even higher at 14.25%, it’s clear that financing costs remain a significant. New car prices have been falling for most of 2023, with the average new car selling for $47,936 in october, kelley blue book reported. The average price paid for a new electric vehicle last month was $55,353, according to the revised analysis.
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According to recent data from cox automotive, the average transaction price for new cars is $48,759, a marginal increase from the previous month’s $48,247.