According to research from Cox Automotive – informed by data provided by Kelley Blue Book – the average new car price in December 2023 was $48,759. That represents a slight decline from the same period the previous year but is still a steep premium compared to pre-pandemic averages. While overall car market price growth seems to be plateauing, the very top of the market continues to rise. Buyers looking for ultra high-end vehicles over $500,000 are spoilt for choice, with a
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