Average New Car Price Surpasses $50,000, Breaks Record: Kelley Blue Book

New vehicle prices have been rising steadily for more than a year, with the pace picking up over the past months.

Tesla cars sit parked in a lot at the Tesla factory in Fremont, Calif., on July 26, 2025. Photo by Gary Wang/The Epoch Times

The average transaction price (ATP) of a new vehicle crossed $50,000 in September for the first time ever, according to an Oct. 13 statement by vehicle valuation company Kelley Blue Book (KBB).

ATP last month was a record high $50,080, up by 2.1 percent from August. It was 3.6 percent higher than a year ago, the largest annual gain since spring 2023.