Average price of new car hits record

The average transaction price for a new vehicle set a record of $31,252 in August, according to TrueCar.com, up 3.2% from a year ago.

The new high is up 0.5%, or $164, from July, the auto data research and shopping site reports.

The record was powered by five car companies that each had record prices in the month: Chrysler, Ford, Honda, Nissan and Volkswagen.

TrueCar's transaction price is meant to include everything – price of the vehicle, discounts, add-ons, taxes and license fees – all the amounts that total to the out-the-door price. Read more >>

20,000 Apply for Less Than 1000 Jobs At Alabama Hyundai Plant

It should not come as a surprise with unemployment over 8% that good paying jobs in manufacturing are harder than ever to land.

At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings.

The surge of people applying may seem unusual, but it's not.

Take a look:

• Last summer Ford had more than 18,000 people apply for one of 1,800 jobs at the retooled Louisville plant. That plant will open and start building the Edge SUV in mid-June. 
• In 2011, more than 41,000 applied for one of the 1,300 positions at the new Toyota plant in Tupelo, Mississippi.
• In 2009, more than 65,000 applied for one of the 2,700 jobs at the new Volkswagen plant in Chattanooga, TN. Since opening, that plant has added shifts and is currently hiring another 820 workers.

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