Photo: Getty Images The average new car sold for $47,148 in May. That’s not quite the record high prices hit last December. But it’s close — May saw the second-highest prices on record.

On the used car side, it’s not much better. Used car interest rates rose to 10.2%, making the monthly payment $565 over a 70-month loan.

Used car prices just rose for the first time in 30 months. Here's why and what it could mean for consumers in 2025 Charles Singh , Nashville Tennessean Thu, Apr 10, 2025, 2:49 PM3 min read ...

As a result, some dealers are selling vehicles for well above the sticker price, sometimes as much as $10,000 more, and that has the car companies crying foul, with car buyers caught in the middle.