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New report details just how much a new car will cost you and the reasons why
Summary by The Waco Editorial Desk · Based on reporting by Scripps News Group , KXXV (ABC 25) News
· 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 Waco Editorial Desk — automated, rule-governed Original reporting Scripps News Group, KXXV (ABC 25) News Original story Read at the source Source published Jul 22, 2026 Indexed here Jul 23, 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 Waco
For Waco residents, the rising cost of new cars has significant implications for household budgets and transportation options. As the average price of a new car approaches $50,000, it's clear that buying a new vehicle is becoming a luxury that few can afford. The shift towards higher-priced SUVs and cars with advanced technology is also reflected in local sales trends, with many Waco dealerships reporting increased demand for these models. The demise of affordable options like the Nissan Versa, which was once a staple in many local dealerships, further limits choices for budget-conscious buyers. As the market continues to evolve, Waco consumers will need to adapt by exploring alternative options, such as used cars or public transportation, or by adjusting their expectations and budgets for new vehicle purchases. The impact of these changes will be felt across the community, from individual families to local businesses and the overall economy.
About this story
Original reporting by KXXV (ABC 25) News . The Waco 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 KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 22, 2026 ·
Source: KXXV (ABC 25) News ·
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 KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Scripps News Group at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Waco, or browse our daily briefing and topic hubs .
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