This is the average price of a used car in each state – WAVY.com
(iSeeCars) – The average one-to-five-year-old car cost an average of $34,291 in July according to iSeeCars.com’s latest analysis of over 1.8 million used car sales. This is up slightly from June when the average used car cost an average of $34,154, and marks the second month of slight increases after four months of slowing price growth.
Average Used Car Prices by State
Some states pay more than others for used cars. Here is a ranking of the average used car price by state by ascending order:
- Rhode Island is the state with the lowest average used car price of $31,294.
- Alaska is the state with the highest average used car price of $42,617.
What does this mean for consumers? The current state of the used car market presents a lucrative trade-in opportunity for consumers who have a used vehicle to sell. While consumers were previously advised to wait to purchase a used car if they were able to do so, the microchip shortage is expected to persist until early 2023. The best way to…
Read Full Story: https://www.wavy.com/news/this-is-the-average-price-of-a-used-car-in-each-state-4/
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