The average cost for a new vehicle in the U.S. hits a record high: over $51,000

US automakers have no incentive to increase volume and/or lower prices. Tariffs keep cheaper competitive imports out. We are at an impasse. American auto consumers remain captive to the system until equilibrium is disturbed.

Just two months ago I bought a new Corolla that was $31k, glad I purchased before the big jump. /s