iSeeCars crunches numbers, declares the $20,000 late-model used car nearly extinct

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A headline is supposed to break some news, but sadly, the title on a recent price survey by vehicle data shop iSeeCars is probably familiar to anyone who’s been car shopping: “Used Cars Priced Under $20K Are Vanishing.”

iSeeCars analyzed 10.8 million used-car transactions to arrive at these numbers. Ready to be bummed out? Here goes:

Quantum leap: The average used car’s price has increased a gobsmacking 47.7% since the pandemic. A 1- to 5-year-old used car cost…

Continue reading this news update.

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