Question of the Day: Will Price Hikes for 2027 Models Change Your Plans?TheTruthAboutCars.comMichael StrongTue, September 22, 2026 at 10:37 PM UTCAdd us on Googlequestion of the day will price hikes for 2027 models change your plansPrices on new vehicles have consistently risen for the past few years, but buying patterns haven't changed nearly as much. Last week, Chevrolet announced a jump in the price for its best-selling Silverado full-size pickup and it's safe to assume that's going to spread to its GMC sibling soon - perhaps in an hour (check back for changes).question of the day will price hikes for 2027 models change your plansGeneral Motors isn't alone as its crosstown rival, Ford, is doing much the same on vehicles as are most of the car companies in the U.S. It's no secret that the average transaction price for a new vehicle jumped over $50K - $50,089 - for only the second time in history. Perhaps just as importantly, it's safe to assume the record of $50,613 set last December will be eclipsed before the year is out - maybe even the month, although that's unlikely.Prices continue to rise and now interest rates are set to follow in the weeks ahead after the Federal Reserve bumped up the federal funds rate by a quarter percentage point last week. This is over the protests of President Donald Trump, who believes the rate should be 1 percent, and thought it would at least go down a bit when he picked Kevin Warsh to replace his whipping boy, Jerome Powell, as the Fed chairman recently.AdvertisementAdvertisementIn short, cars - new and used - are going to be more expensive in 2027. Will this cause you to invest in your current vehicle to see if you can get another year or two out of it, buy out your off-lease vehicle, or simply decide that new sports car you wanted because you're 50 will have to wait rather than buy a new vehicle? Let us know if you're buying plans will change for 2027 or is this a case of "well, what can you do?"[Images: GM, Ford]Become a TTAC insider. Get the latest news, features, TTAC takes, and everything else that gets to the truth about cars first by subscribing to our newsletter.
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