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Published: Jan 12, 2023 4 min read
Couple looking at new cars at a car dealership
Money; Getty Images

The average price of a new car surged to a record high in December and neared a whopping $50,000.

December was a strong month for sales of expensive trucks that cost $60,000 or more, which helped push the average price higher, according to a new report from vehicle valuation company Kelley Blue Book.

The average sale price for a new vehicle was $49,507 in December, up from $48,681 in November — which was a record high for new car prices at the time.