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Average price of a new vehicle in the U.S. hits a record $51,109

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The average transaction price for a new vehicle in the U.S. reached a record $51,109, about $500 above the previous high set in December 2025, according to Kelley Blue Book, part of Cox Automotive. The year-over-year increase was 2.1%, below inflation. Buyers are turning to longer financing: the average loan was $44,664 and more than a quarter used terms of 84 months or longer, according to Edmunds. The average used car now costs close to $27,000, 6% more than a year earlier.

In 40 seconds

  • The average transaction price for a new vehicle reached $51,109, a record and about $500 above the December 2025 high.
  • The annual increase was 2.1%, below inflation and below the 3.4% average annual rise between 2012 and 2021.
  • The average auto loan was $44,664 and more than a quarter of buyers used terms of 84 months or longer.
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IASummary generated by artificial intelligence from a story by NPR. It may contain errors: the original source prevails.

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