The average new car price: $50,000. It’s the headline stat everyone cites, and it’s also the one that gets oversimplified the most. Live from Public Policy Day 2026, Erin Keating (Cox Automotive) breaks down why average transaction price is backward-looking and why it’s a weak proxy for what’s actually sitting on dealer lots. One data point worth sitting with: over 40% of vehicles are still transacting under $35,000. Watch the full episode at the link in our bio.