iSeeCars Finds 3-Year-Old Used Cars Cost $32,651, Up 38.2% Since 2019
Updated
Updated · TheTruthAboutCars · Aug 18
iSeeCars Finds 3-Year-Old Used Cars Cost $32,651, Up 38.2% Since 2019
3 articles · Updated · TheTruthAboutCars · Aug 18
Summary
$32,651 is now the average price of a 3-year-old used car, up $9,027 from 2019, according to an iSeeCars study of 11.4 million used-car sales.
38.2% used-car inflation has outpaced the roughly 33% rise in new-vehicle transaction prices since 2019, as automakers pushed pricier models and broader inflation, tariffs and supply-chain costs lifted vehicle prices.
One in nine 3-year-old vehicles now costs under $20,000, down from nearly half the market in 2019; buyers typically must shop for cars three to four years older to find pre-pandemic price points.
26.6% of 5-year-old vehicles are still below $20,000, and a majority of used models do not fall under that threshold until age 7, raising the risk of higher repair and maintenance costs.
75.7% gains for 3-year-old Porsche Cayennes and sharp increases for low-cost Hyundai Elantra and Nissan Versa models show the squeeze spans both luxury and budget segments, reinforcing reports that affordable used inventory remains scarce.