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That’s the record gap between the average transaction price for a new car and a used car, according to Edmunds analysis of third-quarter sales, with the average new car price hovering around ...
In March 2024, the average used car in America was listed at $25,540, according to Kelley Blue Book (KBB) parent company Cox Automotive. Although prices are down, KBB noted the least expensive ...
Automakers offered 36 car models within that price range, as of five years ago. That number dropped to 10 in 2023. Kelley said cars priced at $60,000 and up jumped 163%.
As of 2024, there were just 11.4 million used cars 6 years old or newer available to buy at dealerships — a drop in 4.1 million from the 15.5 million used cars available in 2022.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
For the bestselling used car and percentage share of total state used car sales in each state, GOBankingRates used iSeeCars.com’s 2022 data. All data was collected on and is up to date as of ...
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