Hey, Consumers: You’re Paying Record Prices For Many Cars And Trucks

The auto industry reported strong sales in March, and for some auto companies, the news was even better.

Buyers at General Motors, Chrysler, Nissan and Hyundai paid record amounts for new vehicles during May, according to True Car.com, which tracks statistics about buying habits.

True Car bases its calculations on transaction prices: the final amount people pay, after incentives, bargaining and trade-ins. The numbers include the whole range of vehicles that the companies sell, such as  cars, sport utilities, pickups, and minivans.

Transaction prices are way up since the beginning of 2010. Take a look at this chart by Meg Cramer of Changing Gears, which shows the industry average and what consumers at major carmakers are paying.

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