The Average New Vehicle Transaction Price in the U.S. Reached an All-Time High of $49,507 in December 2022

Up 4.9% from prior year levels, the average transaction price of a new vehicle in the U.S. registered a record high of $49,507 in December of 2022. This elevated price level is supported by recent trends in luxury vehicle sales, which accounted for a record high 18.6% of total sales in December of 2022.