Average new car price in U.S. surpasses 50,000 USD for first time

LOS ANGELES, Oct. 14 (Xinhua) -- The average price of a new vehicle in the United States exceeded 50,000 U.S. dollars for the first time, according to new estimates released Monday.

According to Kelley Blue Book, an American automotive valuation and research company, the average new-vehicle price reached 50,080 dollars in September for the first time.