The average price of a new car in America topped $50,000 for the first time last month, driven by a surge in sales of expensive electric vehicles and luxury models. US car buyers paid an average of $50,080 for a new car in September, up 3.6% from a year ago, according to research released by the Kelley Blue Book. New car prices are up more than 25% from five years ago, as Americans increasingly buy pricey trucks and sport-utility vehicles, while spurning budget models.

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