Used Cars Under $20,000 Are Disappearing. And The Numbers Are Brutal

If you’re shopping for a relatively modern used car with a $20,000 budget— good luck . Even looking at online listings, you’ve probably already noticed that your money isn’t going nearly as far as it used to, and a new study proves that that is indeed the case.

According to iSeeCars , the average three-year-old used car now costs $32,651 . The study analyzed more than 11.4 million used vehicles sold between 2019 and 2026. That’s up $9,027, or 38.2 percent, from the $23,624 average in 2019.

But the bigger problem is how quickly the supply of affordable late-model cars has disappeared.

Photo by: Hyundai

Your $20,000 Doesn’t Go Nearly As Far

In 2019…

Read the full article at MOTOR1.COM