New Car Prices Edge Higher, but Tariff Impact Remains Limited

Credit access for purchasing vehicles improved on a monthly basis.

A sign in front of a CarMax dealership in Santa Rosa, Calif., on April 10, 2025. Justin Sullivan/Getty Images

The cost of buying a new car in the United States rose in June, according to a July 14 statement from Kelley Blue Book.

The average transaction price (ATP) of a new vehicle in June was $48,907, 0.4 percent higher than the downwardly revised May ATP of $48,717, according to the report. The June numbers registered an annual increase of 1.2 percent, the largest year-over-year gain in 2025.