In 2021, Edmunds.com reported that the average new car price is over $39,950. That's nut! The average new car price has risen partially due to production shutdowns and supply chain issues during the global pandemic. For 2022, the average new car price is definitely over $40,000.
For example, J.D. Power forecasts that the average wholesale price of used cars should fall about 9% from the fourth quarter of last year to the fourth quarter of this year, and that prices should continue to decline in 2023.