The average price of a new car in the U.S. hit an all-time high of $51,109 (approximately 68.33 million won).

U.S. new-vehicle average transaction prices hit a record $51,109 in October, according to Cox Automotive's Kelley Blue Book report released Nov. 10, rising 1.3% month-over-month and 2.1% year-over-year. The annual gain came in below Cox's long-term October average increase of 3.6%, while the average manufacturer's suggested retail price reached $52,933. The transaction figure reflects the mix of vehicles sold rather than the final out-the-door cost including taxes and fees. The record pricing matters for affordability and inflation tracking, and the next signal to watch is whether average incentives and MSRP trends ease buyer costs in coming months.