Key facts
- The average transaction price for a new car has surpassed $50,000.
- The supply of lower-priced new cars is diminishing, with fewer models available below $30,000.
- The Hyundai Venue remains the lowest-priced new vehicle in the U.S., starting at $20,550.
- The Chevrolet Trax starts at $21,700, and the Kia K4 starts at $22,290.
- The Nissan Sentra has a starting price of $22,600.
The market for inexpensive new cars has become increasingly scarce, with the average transaction price for a new vehicle accelerating past $50,000. High prices have led to extended loan terms and monthly payments well above $750. Data from Cox Automotive indicates a narrowing of the affordable new-car market, with fewer models available below $30,000 compared to the previous year. Some vehicles fall below this price point due to discounts and incentives exceeding the national average.
Despite these trends, a select group of new cars still starts below $25,000 before additional fees and markups. The Hyundai Venue is identified as the lowest-priced new vehicle in the U.S., with a starting price of $20,550. The Chevrolet Trax follows, beginning at $21,700, while the Kia K4 sedan starts at $22,290, with its hatchback variant priced at $24,990. The Nissan Sentra is also among the least expensive options, starting at $22,600.