In January, the average new car in America sold for $46,404. That’s a decrease of $839 from December and the first time the average has dropped in more than a year.
Prices will keep declining, but slowly Krebs... In January, the average new car in America sold for $46,404. That’s a decrease of $839 from December and the first time the average has dropped in more than a year. A world-wide shortage of microchips—the average new car contains more than 100—has forced automakers to trim production. That has kept prices high through simple supply and demand.Nonluxury cars are declining faster But prices have also risen because Americans continue choosing more expensive vehicles. The final sale price of the average nonluxury car has declined for three straight months, but Americans have bought enough luxury vehicles to keep the overall average increasing.