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 36,400 U.S. dollars in 2018. New light vehicles were about three 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: 85.9 percent of new vehicle purchases involved financing as of June 2019.
What is the price of a new car in the U.S.?
New automobiles and light trucks were on average almost 15,570 U.S. dollars more expensive than used light vehicles: the average selling price for used vehicles amounted to about 20,835 U.S. dollars in June 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.
What is the price of a new car in the U.S.?
New automobiles and light trucks were on average almost 15,570 U.S. dollars more expensive than used light vehicles: the average selling price for used vehicles amounted to about 20,835 U.S. dollars in June 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.
