The average new car price has skyrocketed to $50,000. Tariffs, the end of the federal EV tax credit and luxury car sales are ...

The average price paid for a new car in August was $49,077, according to Cox Automotive and Kelley Blue Book. That number is up 0.5 percent from the month before and 2.6 percent from a year earlier.

The head of California’s car dealers worries that higher prices are not healthy for both consumers and the industry.