Average new car transaction price hits $48,043, setting new record!

By Ritesh B

The Inflation and high prices in the Economy have been constantly rising.

And now the inflation has hit the car market!

The car transaction prices have risen 12.7% from previous year.

Each month this year, automobile purchasers as a whole have spent almost $1,000 over the MRP.

While Chevrolet, Lincoln, and Ram are departing retail shelves at around 1% under Mrp, manufacturers like Honda and Kia are going for strong single-digit numbers above MSRP.

Tesla has increased the transaction prices the most and inflated it by...

5.4 %!!

The lowest increase was seen in compact SUVs and crossovers.