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Four-wheel drive. >> reporter: his role's new jeep. it was a necessity, he says, and a quick decision. >> i have another car with a lot of mileage. i needed a bigger one. >> reporter: the jeep was about $50,000, leaving his monthly payment is about $800. higher than the most recent kelly blue book monthly payment average at $712. >> this is a new record for that monthly payment. this is a new record. and then the car, the new car prices are actually near records. >> reporter: in the last year, new car prices have gone up 12.6%. used cars up 16.1%. food up 10.6% and gas 48.7%. but gas prices no...

Month with these rising interest rates and the spike in car prices. it's brutal. it's a brutal time to buy a vehicle. >> you combine that with less inventory. so fewer cars on the lots means that drivers are paying more with fewer options. cnn reports. >> this here is the wrangler, 4 wheel drive. >> reporter: this is roland's new jeep. it was a necessity he said, and a quick decision. >> i had another car, it was a lot of mileage. i needed a bigger one. >> reporter: the jeep was about $50,000, leaving his monthly payment at about $800. higher than the most recent kelly bluebook payment average...

$50,000 leaving his monthly payment at about $800. higher than the most recent kelly blue book monthly payment average at $712. >> this is a new record for that monthly payment. this is a new record, and then the new car prices are actually near records. >> reporter: in the last year, new car prices have gone up 12.6%. used cars up 16.1%. food, 10.1%, and gas, up 48.7%. but gas prices not necessarily deterring potential buyers at this southern california car dealership. >> demand is high, supply is still low, and we're still in ship shortage era. >> reporter: this paired with the high interest...

For a used car, it's at $28,000. and the experts that i talked to told me these numbers are especially hard and shocking for people who haven't bought a car in se five or ten years. >> this here is the rambler, four-wheel drive. >> this roland's new jeep. it was a necessity, he says and a quick decision. >> i had another car. it was out of mileage, and i needed a bigger one. >> reporter: the jeep was about $50,000, leaving his monthly payment at about $800. higher than the most recent kelly blue book monthly payment average at $712. >> this is a new record for that monthly payment. this is a n...