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New vehicle average selling price in the U.S. 2016 -2019

In the United States, the average selling price for a new light vehicle came to around 36,800 U.S. dollars in 2019. New light vehicles were about 3.4 percent more expensive in 2019 than in 2018. The price increase was partly driven by a shift in consumer preferences towards bigger vehicles and higher trim levels, as well as rising interest rates: 85 percent of new vehicle purchases involved financing as of 2019.

What is the price of a new car in the U.S.?  

  New automobiles and light trucks were on average almost 16,000 U.S. dollars more expensive than used light vehicles: the average selling price for used vehicles amounted to about 20,840 U.S. dollars in 2019. In light of a growing price gap between new and used vehicles, it is very likely that a growing number of U.S. households will choose a used vehicle over a new one. As a matter of fact, Americans happened to buy more than 40 million used vehicles in 2018. That said, there is a wide variety of new subcompact crossovers as well as compact and midsized cars that are priced between 20,000 and 25,000 U.S. dollars.

New vehicle average selling price in the United States from 2016 to 2019

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Source

Release date

2020

Region

United States

Survey time period

2016 through 2019

Supplementary notes

The values have been rounded.
Excludes F&I sales.
The figures refer to retail prices and exclude F&I (Finance and Insurance) sales.

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Statistics on "Auto dealers in the United States"

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