New car prices hit a record high in August, but several brands have deals
Fox News
The average transaction price for a new car hit a record $48,301 in August as supplies remain scarce and automakers shift toward more profitable models.
Gary Gastelu is Fox News Digital's Automotive Editor.
That was up from $48,080 in July and marked the fifth-consecutive monthly record.
It also represents a 10% ($4,712) over August 2021, which was shortly after the supply issues started in earnest.
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