Advertisement
New Zealand markets open in 4 hours 54 minutes
  • NZX 50

    12,638.90
    -55.94 (-0.44%)
     
  • NZD/USD

    0.5954
    -0.0022 (-0.37%)
     
  • ALL ORDS

    8,422.10
    -17.40 (-0.21%)
     
  • OIL

    69.40
    +0.79 (+1.15%)
     
  • GOLD

    2,747.90
    -52.90 (-1.89%)
     

Average new car price rises to record $49,507 in December: Chart

Yahoo Finance Live’s Rachelle Akuffo breaks down the chart of the day, showing the rise in the average new car transaction.

Video transcript

RACHELLE AKUFFO: Time now for our Chart of the Day. And if you're a US car buyer, it's not just the paint job that's pricey. The average transaction price for new vehicles rose to a record $49,507 in December of last year. And while, of course, some of the blame comes from a lack of inventory early on in the pandemic, creating a lagging effect, rising interest rates also giving prices a bit of gas as well.