The average price of 3-year-old used cars has increased 40.9% since the pandemic, from $23,159 in 2019 to $32,635 in 2025 Used cars priced under $20,000 made up 49.3% of the 3-year-old market in 2019, ...

Although experts anticipate more inventory reaching the used car market, increased supply may not translate into meaningful relief from elevated prices.

Used cars are becoming increasingly difficult to find and more expensive to purchase. The average price of a three-year-old used car has increased 40% since 2019, and during that time, the cost, ...