How much did a new car cost in 2016?

How much did a new car cost in 2016?

The average price of a new vehicle (in the US) will hit an all-time high of $34,077 in 2016. This is a 2.7% increase over last year and a whopping 12.6% increase over the same period five years ago.

How much did it cost to buy a car in 2017?

3, 2018 /PRNewswire/ — The analysts at Kelley Blue Book today reported the estimated average transaction price (ATP) for light vehicles in the United States was $36,113 in December 2017. New-car prices have increased by $583 (up 1.6 percent) from December 2016, while climbing 66 (up 0.2 percent) from last month.

What is the average cost of a car in 2018?

Why are car prices going up? In May of 2019, the average price of a new car purchased in the U.S. climbed to $36,718, with interest rates hovering around 6%, according to automotive information site Edmunds. That’s up from $35,742 in 2018, which was already a 2% increase from 2017, according to Kelley Blue Book.

Are there any new cars under$ 20, 000?

Autotrader has 7,831 New cars for sale under $20,000, including a 2020 Nissan Versa SR, a 2021 Ford EcoSport S, and a 2021 Hyundai Elantra SE.

Are there any new cars coming out in 2020?

The Venue is all-new for 2020, and it pairs the body of an SUV with the footprint of a very small car. Designed specifically for city dwellers who like to get out of the city every once in a while, the Venue is powered by a 1.6-liter DOHC inline-four, producing 121 hp.

How does MotorTrend rank cars under$ 20, 000?

We aim to test and rank as many vehicles as possible, once they’re released. As we periodically update our rankings, we’ll rank new models and may adjust existing scores, too. But we don’t score vehicles with insufficient testing data.

What’s the cheapest new car you can buy?

Here are 15 cars you can still buy brand-new for under $20K. The current Chevy Spark has been in production since 2016, when the fourth-gen model was launched, and it is Chevrolet’s least expensive new car.