Buggy and wagon makers thought the new fangled automobile were expensive and fuel was hard to come by.
According to a recent news release from Kelley Blue Book, the average price of a new vehicle right now is $48,043, according to June 2022 data, the latest available. That beats the previous record of $47,202 set in December 2021.
Average New Car Price by Vehicle Segment
Vehicle Segment Average Price
Compact car $21,783
Compact SUV/crossover $31,027
Electric vehicle $42,620
Entry-level luxury car $42,016
Full-size car $36,487
Full-size pickup truck $51,424
Full-size SUV/crossover $66,811
High-performance car $97,481
High-end luxury car $92,800
Hybrid/alternative energy car $27,722
Luxury car $58,174
Luxury compact SUV/crossover $46,563
Luxury full-size SUV/crossover $89,524
Luxury mid-size SUV/crossover $57,390
Luxury subcompact SUV/crossover $39,882
Mid-size car $27,545
Mid-size pickup truck $36,203
Mid-size SUV/crossover $39,969
Minivan $33,495
Sports car $36,147
Subcompact car $16,511
Subcompact SUV/crossover $25,197
Van $40,484