New car prices hit a record high in July, but not by much

The average transaction price paid for a new car was $48,182 in July, marking a new record, according to Kelly Blue Book. The price is up $139 from June.

Six-figure Cadillac Celestiq ultra-luxury electric car revealed

The Cadillac Celestiq is an all-electric four-door liftback that will compete against cars from Mercedes-Benz, Bentley and Rolls-Royce in the ultra-luxury space.