{"id":350472,"date":"2026-07-23T22:31:13","date_gmt":"2026-07-23T22:31:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/350472\/"},"modified":"2026-07-23T22:31:13","modified_gmt":"2026-07-23T22:31:13","slug":"florida-vehicle-market-prices-monthly-payments-reach-record-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/350472\/","title":{"rendered":"Florida vehicle market prices: Monthly payments reach record high"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/9lekpud49dq6w30f.jpg\" alt=\"Report: Car affordability crisis getting worse\" class=\"sr-only\" data-v-892ef6a8=\"\"\/>  <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/9lekpud49dq6w30f.jpg\" alt=\"Report: Car affordability crisis getting worse\" loading=\"eager\" fetchpriority=\"high\" class=\"vod-poster-image\" data-v-6546b402=\"\"\/>    <\/p>\n<p data-v-94395e58=\"\">TAMPA, Fla. &#8211; The average nationwide price for a new, financed car is $777 per month, according to data from car-buying platform Edmunds.<\/p>\n<p>   Florida vehicle market prices <\/p>\n<p original-article-post=\"\" origination_station=\"WTVT\" data-v-ec26887a=\"\" data-v-94395e58=\"\">What we know:<\/p>\n<p data-v-94395e58=\"\">Car buyers across the country and in <a href=\"https:\/\/www.fox13news.com\/tag\/us\/fl\" target=\"_self\" rel=\"noopener nofollow\">Florida<\/a> are paying substantially more for vehicles than they did in 2019.<\/p>\n<p data-v-94395e58=\"\">Data from Edmunds shows the national average transaction price for a new vehicle has climbed from nearly $38,000 in 2019 to about $48,000 in 2026. In Florida, experts with Edmunds say the average transaction price jumped from over $34,593 in 2019 to $46,888 in 2026.<\/p>\n<p data-v-94395e58=\"\">&#8220;Biggest we&#8217;ve ever had on record, and the worst part is a lot of these loans. They&#8217;re coupled together with 84-month term lengths,&#8221; Ivan Drury, the director of insights with Edmunds, said. &#8220;So, we&#8217;re talking seven years.&#8221;<\/p>\n<p> Future car pricing trends <\/p>\n<p original-article-post=\"\" origination_station=\"WTVT\" data-v-ec26887a=\"\" data-v-94395e58=\"\">What we don&#8217;t know:<\/p>\n<p data-v-94395e58=\"\">Because manufacturing automobiles requires years of planning, experts say cutting production costs is not a quick fix.<\/p>\n<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/car-affordability.jpg\" alt=\"\" loading=\"lazy\" fetchpriority=\"auto\" width=\"932\" height=\"524\" data-v-2fe2fe3e=\"\"\/>  Automobile expenses by numbers <\/p>\n<p original-article-post=\"\" origination_station=\"WTVT\" data-v-ec26887a=\"\" data-v-94395e58=\"\">By the numbers:<\/p>\n<p data-v-94395e58=\"\">Experts say used vehicle prices have also increased between 25% and 30%.<\/p>\n<p data-v-94395e58=\"\">In addition to car prices, drivers have to consider additional costs like maintenance, rising gas prices and car insurance rates.<\/p>\n<p data-v-94395e58=\"\">&#8220;Very interesting thing about Florida, very young trade-ins on new cars, right&#8221; Drury said. &#8220;And you guys actually way over index on, like, just five-year-old cars being traded in for new ones.&#8221;<\/p>\n<p> Auto industry expert advice <\/p>\n<p original-article-post=\"\" origination_station=\"WTVT\" data-v-ec26887a=\"\" data-v-94395e58=\"\">What they&#8217;re saying:<\/p>\n<p data-v-94395e58=\"\">&#8220;If you can keep it, hold it, drive it,&#8221; Drury said. &#8220;If you can&#8217;t, research it to death. Find out every single thing about that car. Test drive it as long as you can.&#8221;<\/p>\n<p data-v-94395e58=\"\">Experts also encourage buyers to negotiate the down payment, trade-in value, loan length and annual percentage rate, in addition to the car&#8217;s overall price.<\/p>\n<p class=\"group-source-paragraph\" data-v-4fbf7207=\"\">The Source: The information in this story was gathered from interviews with drivers and Edmunds Director of Insights Ivan Drury, as well as data from the Edmunds.<\/p>\n<p>    <a href=\"https:\/\/www.fox13news.com\/tag\/us\/fl\" class=\"tags-tag\" data-v-94395e58=\"\" rel=\"nofollow noopener\" target=\"_blank\">Florida<\/a><a href=\"https:\/\/www.fox13news.com\/tag\/lifestyle\/auto\" class=\"tags-tag\" data-v-94395e58=\"\" rel=\"nofollow noopener\" target=\"_blank\">Cars and Trucks<\/a><a href=\"https:\/\/www.fox13news.com\/tag\/consumer\" class=\"tags-tag\" data-v-94395e58=\"\" rel=\"nofollow noopener\" target=\"_blank\">Consumer<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"TAMPA, Fla. &#8211; The average nationwide price for a new, financed car is $777 per month, according to&hellip;\n","protected":false},"author":2,"featured_media":350473,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[693,1917,47,28,30,29,555,115,628],"class_list":["post-350472","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-auto","tag-consumer","tag-fl","tag-florida","tag-florida-headlines","tag-florida-news","tag-lifestyle","tag-news","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/350472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=350472"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/350472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/350473"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=350472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=350472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=350472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}