Thursday, October 15, 2026 SourcesAbout🌓
🇺🇸 US ▾
BREAKING
› Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell› Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials› Podcast: One country musician is calling for other artists to oppose assault rifles› Bidets save you money and reduce waste — we tested the best options out there› 50+ products to make your life easier and our planet cleaner› Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love› A head-to-toe guide of how men should dress this spring, and where they should shop› 42 of the most useful travel products you can buy on Amazon› The 7 best high-yield savings accounts of April 2023› Taxes are due tomorrow. Here's how to file for an extension› Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell› Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials› Podcast: One country musician is calling for other artists to oppose assault rifles› Bidets save you money and reduce waste — we tested the best options out there› 50+ products to make your life easier and our planet cleaner› Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love› A head-to-toe guide of how men should dress this spring, and where they should shop› 42 of the most useful travel products you can buy on Amazon› The 7 best high-yield savings accounts of April 2023› Taxes are due tomorrow. Here's how to file for an extension
Business

Buyers are shopping for cheaper cars. New-car prices are still near a record.

Business Insider ·
Buyers are shopping for cheaper cars. New-car prices are still near a record.

New vehicle prices are just $52 away from a fresh record high.

FREDERIC J.

BROWN/AFP via Getty Images Shoppers are turning to smaller cars as gas and vehicle prices keep climbing.

They're even willing to try out new car brands, Cox Automotive found.

Still, car prices keep climbing and are nearing an all-time record.

There's a tension playing out on American car dealership lots: Shoppers want cheap cars , but prices keep going up and up.

That's what Cox Automotive found in its September numbers.

Last month, the average new car transaction price was $50,562, a nearly 1% rise from the month before, and just $52 below a record high, the data firm found.

The average price is up 0.7% from a year ago.

At the same time, buyers are gravitating away from full-size segments toward more affordable options.

"Customers continue to show us that they're willing to adapt by either going to smaller vehicles, like sedans, or smaller-sized SUVs," Erin Keating, Cox Auto's executive analyst , told Business Insider.

She said shoppers are also willing to switch brands to make their finances work.

That flexibility has helped restrain the industrywide average price, Keating said — but now, smaller vehicles are increasing the numbers on their window stickers.

The average price of a compact car rose 3.2% year over year in September, to $27,977, while subcompact SUVs rose 1.5%, to $31,213.

Read the full article on Business Insider ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.businessinsider.com — the content belongs to Business Insider.

More from Business Insider

See all ›

More in Business

See all ›