New car and SUV prices have skyrocketed. Here are some of the cheapest on the market

2024 Nissan Versa

This photo provided by Nissan shows the 2024 Versa. This inexpensive small sedan gets up to an estimated 35 mpg in combined city/highway driving. (Courtesy of Nissan North America via AP)AP

The average transaction price for a new vehicle was $46,992 in the first quarter of this year, according to Edmunds transaction data. That’s out of reach of a lot of car shoppers. While buying a used vehicle can be a more affordable alternative, there’s understandably a lot of appeal to buying new and getting a full factory warranty. So what are the cheapest cars and SUVs out right now? The car experts at Edmunds rounded up five possible options. The following vehicles are ordered by their starting price, including the destination fee.

Nissan Versa

If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.