How much does a new car cost on average?

The average price of a new car in the United States varies greatly depending on the source and how the average is calculated (e.g., mean vs. median). However, as of late 2023, a reasonable estimate for the average transaction price (including fees and taxes) is in the $48,000 - $50,000 range. Keep in mind that this is just an average; many new cars are significantly cheaper, and many are substantially more expensive.