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There are a lot of moving parts behind car prices. Here’s what to know to find the best deals.
If you think car buying has gotten crazy expensive, you’re not imagining things. At the close of 2024, Cox Automotive reported that the average new car costs $48,724 — up 2.3% since the start of the year, with no signs of slowing. Of course, that price is an average — some cars cost much more, and some cost significantly less. Savvy car buyers can prioritize economy models to save money.
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