Average New Car Price Sees Smallest Increase in a Decade

The average new car buyer in America paid $48,334 in July. That’s $337 – 0.7% — more than June’s total. It’s $199 – 0.4% – more than last July’s price.

Transaction prices sit $1,335 – 2.7% — lower than they did at the start of the year. That total is good for the largest January-to-July tumble in a decade.

“New-vehicle price inflation has all but disappeared in 2023,” said Rebecca Rydzewski, research manager at Kelley Blue Book parent company Cox…