Cars cost more but value remains

Perhaps only equaled by the onslaught of statistics in sports, the automotive industry is largely driven by data. The rate at which a car or truck accelerates is typically expressed in tenths of seconds. Navigation screen sizes are listed in quarters of inches. Do drag coefficient fractions listed in thousands of a second have relevance in consumer vehicles?

The overridingly most important automotive statistic remains price. A recent number proved the point.

According to Kelley Blue Book, the vehicle valuation and automotive research company headquartered in Irvine, the average price for a new car has surpassed $50,000.

Consumers paid an average of $50,080 for a new vehicle in September. It was the first time in automotive history the $50,000 plateau had been surpassed.

Kelley Blue Boo