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New report details just how much a new car will cost you and the reasons why
Summary by The Nashville Editorial Desk · Based on reporting by Scripps News Group , NewsChannel 5 WTVF (CBS affiliate)
· July 22, 2026
· 3 min read
Buying a new car is a major financial decision. But its only gotten more expensive, according to a new report by Edmunds. New car prices are basically, we're, we're really close to $50,000 for an average new car price here in the United States, said Joseph Yoon, a consumer insights analyst for Ed...
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Summary created by The Nashville Editorial Desk — automated, rule-governed Original reporting Scripps News Group, NewsChannel 5 WTVF (CBS affiliate) Original story Read at the source Source published Jul 22, 2026 Indexed here Jul 22, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway New car prices are basically, we're, we're really close to $50,000 for an average new car price here in the United States, said Joseph Yoon, a consumer insights analyst for Edmunds.
Why this matters in The Nashville
The rising cost of new cars has significant implications for Nashville residents, many of whom rely on personal vehicles for daily commutes and transportation. With the average new car price approaching $50,000, it's becoming increasingly difficult for individuals and families to afford a reliable vehicle. This trend is particularly concerning for low- and moderate-income households, who may be forced to allocate a larger portion of their budget to transportation costs. As the market shifts towards more expensive SUVs and technologically advanced vehicles, Nashville's car buyers may need to adjust their expectations and consider alternative options, such as used cars or public transportation. The city's transportation infrastructure and affordability will likely be impacted by this trend, making it essential for local leaders to explore solutions that promote affordable and accessible transportation for all residents.
About this story
Original reporting by NewsChannel 5 WTVF (CBS affiliate) . The Nashville surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NewsChannel 5 WTVF (CBS affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 22, 2026 ·
Source: NewsChannel 5 WTVF (CBS affiliate) ·
Reading time: 3 min
Frequently asked about this story
What is this story about? Buying a new car is a major financial decision. But its only gotten more expensive, according to a new report by Edmunds. New car prices are basically, we're, we're really close to $50,000 for an average new car price here in the United States, said Joseph Yoon, a consumer insights analyst for Ed...
When was this published? This article was first published on July 22, 2026 by NewsChannel 5 WTVF (CBS affiliate) and curated for The Nashville readers.
Who reported this story? This story was reported by Scripps News Group at NewsChannel 5 WTVF (CBS affiliate). To learn more about how The Nashville selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Nashville, or browse our daily briefing and topic hubs .
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