New U.S. Car Prices Hit $50K Record as Loans Stretch to $800 Monthly
The average price for a new car or truck in the U.S. topped $50,000 for the first time last September and stood at a record $49,191 in January, according to Cox Automotive. Monthly payments on new auto loans have climbed to an all-time high just over $800, data from J.D. Power shows.