Tracy Shuchart (𝒞𝒽𝒾 )(@chigrl):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)

2026.09.19 22:34

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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