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Average New Vehicle Price Hits Record $49,105

11/26/2025

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Summary

Story summary

The average cost of a new vehicle in the United States has reached an all-time high, nearing $50,000.
In October, the average transaction price was $49,105, up 3.1% from the previous year.
Monthly payments rose by 3.2% to an average of $766.
The average auto loan amount is $43,000, with about $9,500 in interest over a 72-month term.
Dealers are offering modest discounts to attract buyers, averaging $2,240 in October.

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Story summary

The average cost of a new vehicle in the United States has reached an all-time high, nearing $50,000.
In October, the average transaction price was $49,105, up 3.1% from the previous year.
Monthly payments rose by 3.2% to an average of $766.
The average auto loan amount is $43,000, with about $9,500 in interest over a 72-month term.
Dealers are offering modest discounts to attract buyers, averaging $2,240 in October.