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That said, if you need a daily driver in this crummy market, it might be worth pursuing a reliable yet underrated make and model to avoid paying $25,000 for a pre-owned Honda Civic or Toyota Corolla.
More specifically, according to a report by Forbes Advisor, the cost of new vehicles increased in price by 30% and the cost of used vehicles increased in price by 40.3% between 2019 and 2023.
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.
2015 Toyota Prius. Average price: $14,911 . Consumer Reports found that the 2015 Toyota Prius gets a striking 44 mpg overall, making it one of the most fuel-efficient vehicles on the road.
If you've been in the market for an affordable used car, there are some specific ones you may want to consider. Check Out: 9 Cars To Stay Away From In Retirement Read Next: 7 Reasons You Must ...
That doesn’t mean used cars are necessarily cheap these days. The average used car listing in 2024 is $25,571, according to the latest data from CarEdge . That’s a considerable sum of money ...
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