These Cars Cost More Used Than New — Best Life – Best Life

If you drive a car—and have a need to fuel one up regularly—you’re among the people most affected by the swiftly rising inflation around the country. Indeed, the costs of buying and operating a vehicle have soared more than many other categories of everyday living.

A new study of used car prices powerfully demonstrates how the historic market conditions are affecting the automotive sector. According to the latest study by car search engine iSeeCars.com, many gently used cars are actually now more expensive to buy than their new versions (if you can find one).

The platform analyzed asking prices from more than 1.5 million new and used cars sold in April 2022. It found the average one- to five-year-old used car costs just one percent less than its new version.

This actually represents a slight improvement in the market for would-be used car buyers in 2022. But it also shows just how tough it still is out there. “Used car prices have improved since January, when the average used car…

Read Full Story: https://bestlifeonline.com/used-car-prices-news/

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source: https://news.oneseocompany.com/2022/05/10/these-cars-cost-more-used-than-new-best-life-best-life_2022051019580.html

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