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New car prices soar past $51,000, with no models under $20,000

New vehicle prices have significantly increased, with the average Manufacturer's Suggested Retail Price (MSRP) reaching approximately $51,600. This surge is attributed to inflation, a shift towards more expensive SUVs and trucks, and the inclusion of advanced features in even entry-level models. Consequently, there are no longer any new cars available in the U.S. for under $20,000, and models priced around $25,000 now represent less than 5% of new car sales. Despite these challenges, several models offer a combination of affordability and fuel efficiency, with 22 cars and SUVs available for under $30,000 that achieve 30 or more mpg. AI

RANK_REASON Article discusses pricing and fuel efficiency of consumer vehicles, not core AI developments.

Read on Forbes — Innovation →

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New car prices soar past $51,000, with no models under $20,000

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  1. Forbes — Innovation TIER_1 English(EN) · Jim Gorzelany, Senior Contributor ·

    These Are The Least Expensive And Most Fuel-Efficient New Cars And SUVs

    Talk about affordability: Here’s 22 new vehicles that can save an owner considerable cash, both up front and down the road.