$50,000 average new vehicle price

[Alex Snyder]

At the $48,182 average price paid in August of 2023, it is possible we'll break into the $50K territory in 2024. Here are 10 manufacturers that are already above a $50,000 average:

• Tata Motors, $86,154
• Rivian, $73,396
• Tesla Motors, $69,831
• BMW, $68,389
• Daimler, $66,158
• Geely Auto Group, $58,648
• Stellantis, $54,880
• Volkswagen Group, $54,858
• Ford Motor Company, $54,227
• General Motors, $52,175

This is newsworthy with Stallantis, VW, Ford, and GM at these levels. The average price for an EV was $66,524 last month.

Sources:

https://www.kbb.com/car-news/average-new-vehicle-price-sets-record-but-dont-panic/

The Average Price of a New Car Is Creeping Toward $50,000

Inventory remains low, and there's an increase in expensive electric car and luxury vehicle sales.

money.com