How much have used car prices gone up in each state? – WIAT – CBS42.com

(ISeeCars) – Used car prices have risen 30.4 percent over last year as the microchip shortage continues to impact the automotive industry, according to iSeeCars.com’s latest used car price analysis of 1.8 million car sales in March. This is down from a 35.0 percent increase in February.

Used Car Price Increases by State

Are used car price increases consistent across the country? Here are the average used car price increases by state in ascending order:

iSeeCars’ used car pricing analysis shows that consumers may be more likely to find a deal in some states than others.

• Connecticut is the state with the greatest used car price increase in March 2022 compared to March 2021 at 35.2 percent, which amounts to $8,426.
• Wyoming has the smallest used car price increase at 18.9 percent, which amounts to $7,650.
• Of the 10 states with the highest price increases, seven are coastal states.

What does this mean for consumers? While consumers were previously advised to wait to purchase a used…

Read Full Story: https://www.cbs42.com/news/national/how-much-have-used-car-prices-gone-up-in-each-state/

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