New vehicle average selling price in the U.S. 2016 - 2021
In the United States, the average selling price for a new light vehicle came to around 42,380 U.S. dollars in 2021. New light vehicles were about 8.8 percent more expensive in 2021 than in 2020.
What is the price of a new car in the U.S.?
New automobiles and light trucks were on average almost 17,000 U.S. dollars more expensive than used light vehicles: the average selling price for used vehicles amounted to about 26,700 U.S. dollars in 2021. In light of a growing price gap between new and used vehicles, it is likely that a growing number of U.S. households will choose a used vehicle over a new one.
The semiconductor shortage
The hike in prices across the board can be in parts attributed to the global automotive chip shortage, which started in 2021 as demand rebounded from the COVID-19 pandemic. The average price rise could be observed across segments, with new full-size SUV/crossover vehicles averaging 72,100 U.S. dollars as of December 2021.
What is the price of a new car in the U.S.?
New automobiles and light trucks were on average almost 17,000 U.S. dollars more expensive than used light vehicles: the average selling price for used vehicles amounted to about 26,700 U.S. dollars in 2021. In light of a growing price gap between new and used vehicles, it is likely that a growing number of U.S. households will choose a used vehicle over a new one.
The semiconductor shortage
The hike in prices across the board can be in parts attributed to the global automotive chip shortage, which started in 2021 as demand rebounded from the COVID-19 pandemic. The average price rise could be observed across segments, with new full-size SUV/crossover vehicles averaging 72,100 U.S. dollars as of December 2021.
