- While car shoppers used to be able to find 3-year-old cars for $23,000 in 2019, pandemic-era manufacturing lulls triggered price increases and the average age of used cars, iSeeCars.com found.
- The average transaction price for used cars is still 46% higher than the second quarter of 2018, according to Edmunds.
- “It’s really not a great time for consumers to buying cars, whether new or used,” said Paul Waatti, an industry analyst at market research firm AutoPacific.
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