Why it's becoming so expensive to buy a car in America

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By Todd C. Frankel

It can be a shock shopping for a new car these days.

The pandemic shortages are over. Dealer lots are stocked. Customers can find the colors and options they want.

But prices have never been higher — and the auto loans bigger and longer than ever to make it pencil out.

The average sticker price for a new car or truck now sits above $50,000 — about 30 percent more than in 2019. Even with incentives and specials, the out-the-door price reached above $50,000 for the first time in September and stood at $49,191 in January — a record for the typically sluggish sales month, according to Cox Automotive.

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