Used car prices rise 39% in 12 months

AP Photo/Nam Y. Huh

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • $29,000 for an Average Used Car? Would-Be Buyers Are Aghast
  • Prices for used cars are soaring so high, so fast, that buyers are being increasingly priced out of the market.
  • Consider that the average price of a used vehicle in the United States in November, according to Edmunds.com, was $29,011 — a dizzying 39% more than just 12 months earlier.
  • The average new vehicle, Edmunds.com says, is edging toward $46,000.

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