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New Car Prices Hit $50,000 Amid EV Sales Surge

10/14/2025

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Summary

Story summary

In September 2025, the average price of new cars rose above $50,000 to $50,080, per Kelley Blue Book.
The rise is driven by luxury vehicles and electric vehicles (EVs), which accounted for 11.6% of sales.
EVs paid an average of $58,124, up 3.5% from August.
The expiration of government EV incentives at the end of September spurred purchases, with EV sales up 30% year over year to 437,487 in Q3.

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Story summary

In September 2025, the average price of new cars rose above $50,000 to $50,080, per Kelley Blue Book.
The rise is driven by luxury vehicles and electric vehicles (EVs), which accounted for 11.6% of sales.
EVs paid an average of $58,124, up 3.5% from August.
The expiration of government EV incentives at the end of September spurred purchases, with EV sales up 30% year over year to 437,487 in Q3.