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Auto Blog
13 hours ago
- Automotive
- Auto Blog
You're Not Imagining Things: Cheap Used Cars Are Vanishing
Used car prices are still rising If you're struggling to find a decent used car for under $20,000, you're not alone, and you're not imagining things. A new study from iSeeCars finds that the number of affordable, late-model used vehicles has dropped off a cliff in recent years. Back in 2019, nearly half (49.3%) of all 3-year-old used cars were priced at or below $20,000. Today, that number has shriveled to just 11.5%. The average price of a 3-year-old used car is now $32,635 — a staggering 40.9% jump from 2019, when it was just $23,159. While the pandemic may feel like old news, its economic aftershocks are still distorting the car market. 0:01 / 0:09 Costco members can save $3,000 on a new Chevy Corvette Watch More 'The pandemic may be a fading memory, but the lack of new car production five years ago has created a 'pandemic hangover' effect,' said Karl Brauer, executive analyst at iSeeCars. Budget buyers are being pushed to older, higher-mileage cars The most affordable segment of the used market — cars under $20,000 — has shrunk dramatically across all major vehicle types. Passenger cars saw the steepest increase in price, climbing 48.7% since 2019. That means entry-level sedans that once anchored the affordable used car market are now largely out of reach. 2022 Honda Civic — Source: Honda In 2019, more than 70% of 3-year-old passenger cars were priced under $20,000. In 2025? Just 28.1%. SUVs fared even worse, dropping from 39.2% to a mere 8.1% share in the sub-$20K category. Familiar nameplates, unfamiliar prices The shift in pricing is especially evident in once-affordable bestsellers. A few years ago, it wasn't hard to find a lightly used Honda Civic or Toyota Camry for under $20,000. Now, those same models are averaging well over that threshold. The Civic's average price jumped 44.6% to $23,813, while the Camry rose 43.5% to $23,755. 2022 Nissan Sentra SR — Source: Zac Palmer Some of the biggest price leaps came from small sedans: Nissan Sentra: Up 45.7% to $18,224 Toyota Corolla: Up 37.7% to $19,792 Chevy Equinox: Up 27.5% to $22,228 Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. These were once the go-to models for frugal shoppers. Today, they're inching closer to new-car pricing, without the warranties or latest tech. Final thoughts The used car market has been rising for three straight months, and there's little indication prices will fall significantly anytime soon. The pandemic-related slowdown in new car production from 2020 to 2022 created a ripple effect that still limits the supply of newer used vehicles. Yet demand remains strong, especially for reliable models from Toyota, Honda, and Subaru. CarMax dealership — Source: Getty For buyers with a strict $20,000 budget, the result is clear: you'll likely need to shop older, higher-mileage vehicles, or rethink what kind of car you can afford. As Brauer put it, 'Many car buyers are now priced out of late-model used cars, forcing them to consider older models with more miles to fit within their budget.' About the Author Elijah Nicholson-Messmer View Profile
Miami Herald
14 hours ago
- Automotive
- Miami Herald
You're Not Imagining Things: Cheap Used Cars Are Vanishing
If you're struggling to find a decent used car for under $20,000, you're not alone, and you're not imagining things. A new study from iSeeCars finds that the number of affordable, late-model used vehicles has dropped off a cliff in recent years. Back in 2019, nearly half (49.3%) of all 3-year-old used cars were priced at or below $20,000. Today, that number has shriveled to just 11.5%. The average price of a 3-year-old used car is now $32,635 - a staggering 40.9% jump from 2019, when it was just $23,159. While the pandemic may feel like old news, its economic aftershocks are still distorting the car market. "The pandemic may be a fading memory, but the lack of new car production five years ago has created a 'pandemic hangover' effect," said Karl Brauer, executive analyst at iSeeCars. The most affordable segment of the used market - cars under $20,000 - has shrunk dramatically across all major vehicle types. Passenger cars saw the steepest increase in price, climbing 48.7% since 2019. That means entry-level sedans that once anchored the affordable used car market are now largely out of reach. In 2019, more than 70% of 3-year-old passenger cars were priced under $20,000. In 2025? Just 28.1%. SUVs fared even worse, dropping from 39.2% to a mere 8.1% share in the sub-$20K category. The shift in pricing is especially evident in once-affordable bestsellers. A few years ago, it wasn't hard to find a lightly used Honda Civic or Toyota Camry for under $20,000. Now, those same models are averaging well over that threshold. The Civic's average price jumped 44.6% to $23,813, while the Camry rose 43.5% to $23,755. Some of the biggest price leaps came from small sedans: Nissan Sentra: Up 45.7% to $18,224Toyota Corolla: Up 37.7% to $19,792Chevy Equinox: Up 27.5% to $22,228 These were once the go-to models for frugal shoppers. Today, they're inching closer to new-car pricing, without the warranties or latest tech. The used car market has been rising for three straight months, and there's little indication prices will fall significantly anytime soon. The pandemic-related slowdown in new car production from 2020 to 2022 created a ripple effect that still limits the supply of newer used vehicles. Yet demand remains strong, especially for reliable models from Toyota, Honda, and Subaru. For buyers with a strict $20,000 budget, the result is clear: you'll likely need to shop older, higher-mileage vehicles, or rethink what kind of car you can afford. As Brauer put it, "Many car buyers are now priced out of late-model used cars, forcing them to consider older models with more miles to fit within their budget." Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
2 days ago
- Automotive
- Yahoo
10 Reliable Used Car Brands With the Biggest Price Increases
Despite the fact that used car prices cratered throughout 2023 and 2024, they are now most certainly on the rise again. iSeeCars has reported that over the last three months, the average prices of 1- to 5-year-old used cars have been on the rise, leaping up $317 per car in March, then $599 per car in April and $630 per car in May. Read More: Learn More: As the used car market continues to claw its way out of the COVID deficit that it found itself in over the last few years — the reduced production of new cars during the pandemic made it such that fewer used cars were on the market — used car prices are slowly but surely increasing. This uptick comprises a number of different brands and models, but it is particularly ascendant with Japanese luxury cars such as INFINITI, Hyundai, Subaru and Acura. As iSeeCars put it, used vehicles have moved from a $2,406 pandemic-era deficit to the overall $630 gain of May 2025, with expectations that used car averages will jump from around $32,317 to approximately $35,000. Want to know which brands are making the biggest price leaps? The aforementioned Japanese luxury brands certainly are, as well as a number of American old reliables. Keep reading to find out more. Here's how to avoid fees on used cars. Average price in May 2025: $35,915 % difference year over year: 9.5% Find Out: Explore More: Average price in May 2025: $37,099 % difference year over year: 8.9% Discover More: Average price in May 2025: $41,712 % difference year over year: 7.8% Average price in May 2025: $25,862 % difference year over year: 6.7% Average price in May 2025: $43,591 % difference year over year: 6.1% Also See: Average price in May 2025: $28,109 % difference year over year: 5.5% Average price in May 2025: $23,648 % difference year over year: 5.2% Average price in May 2025: $35,119 % difference year over year: 5.0% Average price in May 2025: $27,832 % difference year over year: 5.0% Average price in May 2025: $42,965 % difference year over year: 4.5% More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 7 Luxury SUVs That Will Become Affordable in 2025 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on 10 Reliable Used Car Brands With the Biggest Price Increases
Motor 1
2 days ago
- Automotive
- Motor 1
You're Not Going Crazy: Affordable Used Cars are Disappearing
If you're looking for a used car, you'll likely struggle to find a good, affordable option. The average price of a three-year-old used vehicle is up 40.9 percent compared to the market in 2019, and the share of those vehicles that cost under $20,000 is quickly disappearing. Today, a three-year-old used car costs, on average, $32,635, according to a new iSeeCars study. That's a sizable increase from the $23,159 average price in 2019. Six years ago, the sub-$20,000 market made up 49.3 percent of three-year-old used cars. Now, in 2025, only 11.5 percent of used cars for sale cost under $20,000. Price Range Share % 2019 Share % 2025 Share % Change Sub-$20,000 49.3% 11.5% -76.6% $20,000-$30,000 32.7% 43.0% 31.5% $30,000-$40,000 12.4% 26.1% 110.3% $40,000-Plus 5.6% 19.4% 245.7% The pandemic is one major reason for the price increases. COVID-19 triggered a cascade of events that limited new-car production and forced automakers to focus on producing profit-rich models through 2021 and 2022. That has led to a smaller number of affordable used vehicles on the market today. iSeeCars Executive Analyst Karl Brauer said that "the lack of new car production five years ago has created a "pandemic hangover" effect for today's used car market. He says now that many buyers who cannot afford late-model used cars are looking at older cars with more miles. In 2025, most three-year-old used cars are priced in the $20,000 to $30,000 range, including popular models like the Honda Civic , Toyota Corolla , and Nissan Rouge . They're up 44.6, 37.7, and 34.7 percent, respectively. The percentage of used cars priced in the $30,000 to $40,000 and $40,000-plus ranges have also increased, leaving cost-conscious buyers with fewer choices. What's the reason again for why we can't buy those cheap Chinese EVs? American consumers are clamoring for cheaper vehicles when they're only getting more expensive . Perhaps the new Slate truck might provide some relief. Pricing Pain: Used Car Prices Are Spiking, Except For EVs It Begins: Used Car Prices Are Going Up Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: iSeeCars Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Associated Press
20-06-2025
- Automotive
- Associated Press
The VinFast VF 6 Passes the Wife Test with Room to Spare
MANILA, PHILIPPINES - Media OutReach Newswire - 20 June 2025 - Women usually play an important role in family car-buying decisions, and the VinFast VF 6, recently launched in the Philippines, meets the key priorities of many women buyers. Photo The old stereotype paints a familiar picture: men kick tires, debate horsepower, and make the final call on family cars. Reality tells a different story. According to CDK Global, women influence 85% of all car purchases. This insight means that women play an important, sometimes deciding, role in buying a car. It's essential for automakers to understand what women actually look for in a vehicle. The way women make decisions The numbers reveal how women approach car buying. Women spend more time researching their options. On average, they take 75 days to make a decision, compared to 63 days for men. This suggests that they usually do more thorough research to build knowledge prior to the purchase. Their priorities are also different from men's when shopping for cars. An survey of over 500,000 car inquiries showed that women focus on price, affordability, and practical features, while performance specs and brand prestige rank lower. The cars men wanted cost three times more on average than what satisfied women buyers. This kind of thinking reflects the many roles women juggle every day: caregivers, professionals, and budget managers, often all at once. A MasterCard study across 16 Asian countries found women managing household finances in half the markets surveyed. In Indonesia and the Philippines, over 56% of women control domestic spending decisions. A more recent survey by Women's World Car of the Year gave a further breakdown. Safety ranks as the single most important feature women seek. Practicality, performance, and space tie for second place. But safety isn't just about crash ratings. Women want backup cameras, blind spot monitoring, and multiple airbags. They value high seating positions for better visibility. Storage pockets, cupholders, and intuitive technology matter for daily convenience. Many also weigh emissions and fuel efficiency, choosing greener options when the situation allows. VinFast VF 6 ticks all the boxes The VinFast VF 6, a compact SUV recently launched in the Philippines, happens to tick all the boxes that matter most to women car buyers. It's a fully electric SUV in the popular B-segment, combining safety, practicality, and smart technology in a package built for real-world use. In the Philippines, the VF 6 is available in two trims: Eco and Plus, with MSRPs of 1,419,000 PHP and 1,610,000 PHP respectively. The 'Natural Opposites' design, created with Torino Design, balances function and form. But looks aren't the selling point. It's the way the VF 6 fits into everyday life. With a 2,730 mm wheelbase, the VF 6 remains compact enough for narrow city streets while offering interior space comparable to many larger gas-powered cars in the C-segment. Its 423-liter cargo capacity fits around 10 standard carry-on suitcases. Folding down the rear seats makes room for larger items such as bicycles or camping gear. Inside, the VF 6 features a 12.9-inch infotainment screen, dual-zone climate control, rain-sensing wipers, and an 8-way power driver's seat. Voice commands operate smoothly. Utility modes cater to daily needs, including Pet Mode, which keeps the cabin cool for animals when the driver steps away. The 360-degree camera view also makes parking in tight spots easier. For safety, the VF 6 includes up to 8 airbags and offers up to 19 advanced driver assistance features in the Plus version. These include blind spot detection, rear parking assist, and 360-degree camera views, making driving easier for newer drivers. The VF 6's practicality extends to finances. Owners get free charging at V-GREEN operated stations until May 1st, 2027, which eliminates fuel costs entirely. The 7-year warranty and 90% buyback guarantee provide long-term security. Range anxiety disappears with up to 480 kilometers per charge, handling both daily commutes and weekend trips without compromise. 'Women hold up half the sky', so it's only natural that they should shape what families drive on the road. And the VF 6 happens to align perfectly with this shift toward practical buyers. In this era, automakers can't rely on dated assumptions. They need to meet people where they are, starting with the ones making the decisions. The VF 6 offers practical features, safety, and financial sense. That's what many buyers want, and that's how trust is earned. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement.
