Americans are paying more for cars

(CNN)– The average cost of a new car is at a record high.

It’s around $50,000, according to Edmunds and Kelley Blue Book.

No new models under $20,000 remain on the market.

The cost to import cars and auto parts is 25% more now due to tariffs.

U.S. automakers are trying to eat that cost, but the duties seem to have doomed low-cost vehicles.

Now, Edmunds says the cheapest new car is the 2026 Hyundai Venue at $20,550.