Consumer News The Average Car Payment Is At A Record High

Average new car price hits $50,000, a record high, data shows

The average price of a new car was $50,080 in September, marking the first time the going rate of a passenger vehicle has exceeded $50,000, according to a press release from Kelley Blue Book.Erin ... Read More

Auto delinquencies climb as lower-income Americans struggle with car payments

Subprime auto loan delinquencies hit record highs as lower-income Americans struggle with rising car costs and tighter budgets. Read More

Average US car prices top a record $50,000 on EV sales surge

U.S. car buyers paid an average of $50,080 for a new car in September, up 3.6% from a year ago, according to research released Monday by the Kelley Blue Book car buying guide. Record EV sales, driven ... Read More

Sticker shock: Average price of a new car tops $50,000 for first time

A new car will now set you back more than $50,000, a milestone that highlights America’s widening economic divide. New car buyers paid an average of $50,080 in September, marking the first time that ... Read More

US car prices reach new high as luxury vehicle, EV sales surge nationwide

The average new vehicle transaction price exceeded $50,000 for the first time after rising steadily for more than a year. Read More

New car down payments hit 4-year low as buyers struggle with affordability challenges

Car shoppers are facing affordability challenges in the market for new vehicles despite average down payments dipping to nearly the lowest level in four years, according to a new report. Read More

Edmunds spots 3 new records connected to negative equity in Q3

The newest auto-finance data Edmunds released on Wednesday focused specifically on new-vehicle purchases and excluded used. But it still showed the conundrum ... Read More

Underwater and Sinking Deeper: The Average Amount Owed on Upside-Down Auto Loans Climbed to an All-Time High of $6,905, According to Edmunds

Americans with upside-down car loans owe more than ever. The average amount owed on upside-down loans hit a record $6,905 in Q3, edging past the previous high of $6,880 set in Q1 2025. Read More

Average Down Payment on New Vehicles Falls to Near 4-Year Low in Q3 as Affordability Pressures Persist, According to Edmunds

Down payments plunge to the lowest level in nearly four years. The average down payment for new-car purchases dropped to $6,020, the lowest level since Q4 2021. This compares to $6,433 in Q2 2025 and ... Read More