Average price of new cars nears $50,000 as automakers focus on big pickups and SUVs while cheaper sedans get phased out

Average price of new cars nears $50,000 as automakers focus on big pickups and SUVs while cheaper sedans get phased out

The share of vehicles listing for less than $30,000 is about 13% — down from 40% five years ago, per the car review site CarGurus.

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