Used Elantra Prices Jumped 56%, Camry 50%, As Pre-Owned Market Locks Out Bargain Hunters
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Three-year-old used cars cost over 38 percent more today than in 2019.
Only 11 percent of three-year-old cars now sneak below the $20k mark.
Ordinary cars like the Honda Civic and Hyundai Elantra lead the price rises.
Remember when $20,000 felt like a pretty healthy used-car budget? Those days are pretty much gone. New research shows that late-model bargains have become dramatically scarcer since 2019, leaving buyers choosing between spending more money and shopping much further back
Only 11 percent of three-year-old cars now sneak below the $20k mark.
Ordinary cars like the Honda Civic and Hyundai Elantra lead the price rises.
Remember when $20,000 felt like a pretty healthy used-car budget? Those days are pretty much gone. New research shows that late-model bargains have become dramatically scarcer since 2019, leaving buyers choosing between spending more money and shopping much further back
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