New car prices hit an all-time high as dealers hold onto their upper hand

Dec 21 2022 by Business Insider

 
A Toyota dealership in Florida.

Joe Raedle/Getty Images

Dealer lots are filling up again, but still not fast enough to meet demand. Car buyers paid an average of $46,382 for a new car in December. Manufacturers are spending less on discounts.

It's getting easier to find a car on dealer lots, but you'll still have to cough up a lot of cash to go home in a new set of wheels: The average price paid for a new car is projected to hit a record $46,382 this month. 

That's according to a Wednesday...

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