Even casual observers of the automotive industry have surely noticed how quickly the average cost of a new car in America has risen since the global Covid-19 pandemic. Nearly every single month has brought news of a new high pricing bar, and while there have been signs that things may cool off, top sales executives at Toyota don't seem to think that's going to happen. Speaking to reporters while giving an update on Toyota and Lexus sales results, Jack Hollis, head of sales for Toyota Motor North America, suggested that average transaction prices "will continue to grow" above $50,000.

If you think that sounds crazy, well, you're not alone. But you also may be surprised to hear that we're not very far off that number right now. As of January of this year, the average transaction price for a new car in America sat at $49,507. And yes, that's a record. Singling out luxury models like those sold by Lexus, the average price last sat at a devilish $66,660.

Hollis further went on to say that the used vehicle market will also continue with strong demand, due in no small part to the continued lack of enough new vehicles to sell. Americans would buy as many as 17 million new vehicles this year, Hollis said, but instead, due to supply constraints, "we'll sell around 15 [million], so that means there's another 2 million vehicles added to pent-up demand." Put another way, don't expect used cars to get any cheaper, either, although some models have come off their staggering highs of a year ago.

Fortunately, not all used vehicles are priced through the roof. If you need a more reasonably priced set of new-to-you wheels, take a look at our list of the best used cars to buy in 2023. For more on Toyota's outlook for 2023, head on over to Automotive News. And if you're in the market for a new car ... hold on to your butts.

 https://www.autoblog.com/ .. ed-car-values/

Does the tariffs on Chinese steel & aluminum factor in

I think they are right. Price of cars just keeps going up.

E bikes gonna be everywhere

Ppl can't afford this sh*t.... bottomline.

Slymm said E bikes gonna be everywhere

More like that and I Walks lol

“You will own nothing and be happy”

Snagging me a $2500 cash car and staying out the way.

Tons of cheap used cars if you can YouTube basic repairs and do some maintenance. Folks will trade their car in cause it needs brakes and tires or it has a blown fuse or needs a sensor replaced. Tons of ads like used car runs good but needs sensor lol but they don’t have time

They believe they're fu*king us over in the future.

With what money

Xiox said Does the tariffs on Chinese steel & aluminum factor in

Prices have come down considerably on both within the last 18 months, even with the tariffs. The RMB has also weakened quite a bit against the USD, increasing our buying power.

Slymm said E bikes gonna be everywhere

Bruh my stepdad over there going qvc crazy

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copped 3 of them already talking bout the cost of gas and a new Denali in the same sentence

If anyone don’t know what to look for just find any Toyota, Honda or truck from 1998-2012 and sh*t will last forever. It’s like right before sh*t started getting super electrical with cvt and sh*t. TRQ YouTube page is k*ller for instructional videos

similar strategy to the VAG Group.

investors want at minimum 20% return.

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Prices keep going up because people keep on taking longer and longer and longer loans to be able to "afford" the nice car they want keeping them forever in debt.

carden2 said Tons of cheap used cars if you can YouTube basic repairs and do some maintenance. Folks will trade their car in cause it needs brakes and tires or it has a blown fuse or needs a sensor replaced. Tons of ads like used car runs good but needs sensor lol but they don’t have time

carden2 said If anyone don’t know what to look for just find any Toyota, Honda or truck from 1998-2012 and sh*t will last forever. It’s like right before sh*t started getting super electrical with cvt and sh*t. TRQ YouTube page is k*ller for instructional videos

Does your family know you just be dropping gems on the internet fam

Qwietazkept said Snagging me a $2500 cash car and staying out the way.

I'm still pushing my grandpa whip from 2016 that cost literally that

Naw we won’t …

I’m not paying that only a sucker would

$25k Model 2 Tesla coming next year.
Or just grab a $25k used model 3 today.

GREAT1NE said “You will own nothing and be happy”

Agenda 2030 otw soon thankyou WEF

Look up 15-minute cities too sh*t is a trip

carden2 said If anyone don’t know what to look for just find any Toyota, Honda or truck from 1998-2012 and sh*t will last forever. It’s like right before sh*t started getting super electrical with cvt and sh*t. TRQ YouTube page is k*ller for instructional videos

I swear then late 80s and early 90s Ford and Chevy pick ups still put in major work.

All im buying for now are used trucks/suvs...

My Expedition almost ran 300k miles, i absued her and still drove fine...

Next i'll get like a nice old tahoe, yukon or sequoia etc. and take care of her

yes, that's how inflation works lol What happens when you print 60% off all the dollars to ever exist in one year