The average price of a new car currently sits at over $47,000, which is actually slightly down from this time last year. The dip over the past 12 months is an anomaly, though; prices have been climbing steadily for the past decade. In 2014, a typical new car would have set you back about $15,000 less than it does today. The average new car price leaped more than $10,000 between 2020 and 2023 due largely to a microchip shortage
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