New cars under $25,000 are scarce, but these models remain available

Key facts

• The average transaction price for a new car has surpassed $50,000.
• Fewer new car models are available for under $30,000.
• Several new car models still start under $25,000.
• Starting prices do not include additional fees.

The automotive market is experiencing a significant rise in new car prices, with the average transaction price for a new vehicle now surpassing $50,000. This upward trend has led to a scarcity of models available for purchase below the $30,000 threshold. Further narrowing the options, the number of new cars with a starting price under $25,000 is also diminishing. However, a small selection of new car models still maintains a starting price below $25,000. It is important to note that these starting prices do not account for additional fees, taxes, or optional features that can increase the final cost of the vehicle.