A new study indicates it's now a bit more expensive to buy a car in the U.S.
According to price trend website TrueCar.com, the average transaction price for light vehicles in the U.S. in November was $30,317, a 4 percent rise when compared November 2010 when the average price was $29,154.
Some of the cars that saw the biggest price hikes year-over-year were vehicles produced by domestic automakers. For example, a Ford model was 7 percent more expensive in November 2011 than the same period the previous year. However, the automaker that logged the most significant price hike was the Hyundai, up more than 10 percent.
Jesse Toprak, vice president of industry trends and insights for TrueCar.com, said this was the first time since the summer that prices began generally rising.
"Transaction prices have been creeping back up after a slight decline in August with average new vehicle prices over $30K," said Toprak.
Despite higher prices, consumers with strong credit scores may feel inclined to buy, as dealerships are still often offering consumer friendly discounts.