Used car prices have shifted dramatically since 2019. Inventory under $20K has plummeted to under a third of the market, while vehicles priced over $30K have more than doubled.

A used car in the $5,000 to $10,000 range spent an average 25.4 days on a dealer lot, compared with 37.8 days for vehicles costing $20,000 to $25,000 and 44.3 days for those priced at more than $50,000, per Edmunds.

America’s Affordability Crisis Is Hitting the Used-Car Lot A used car priced between $10,000 and $15,000 today is almost nine years old on average and has 98,000 miles on it, according to auto research site Edmunds. The average new car now sells for $50,000, and with cars losing around 40% of their value after three years, the average used vehicle sells for more than $30,000. Used cars selling for less than $20,000 are tougher to find and have high mileage, and dealers have to fight to get them, with one dealer saying they're "like gold" and requiring record prices to obtain. (Bloomberg)

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According to @Edmunds, used car prices accelerated in 2Q26, with the average price of a three-year-old vehicle reaching an all-time high of $32,461 compared with second-quarter levels in prior years @DataArbor