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New vs. Used-Car Value Statistics
March 27, 2026 - While new-car prices are starting to come down from their peak, industry experts are expecting that used-car inventory will remain low for the next few years, meaning that you can continue to expect high prices. Keep in mind that while some costs are decreasing, they still remain far above 2019 prices, and they are unlikely to fall to that level again due to inflation.
In 2019, 49% of Used Cars Cost Less than $20,000; Today that Number is Only 12%
Important note: they only count cars that are at most 5 years old More on reddit.com
What were car prices like, new or used from 2018 to early 2020?
In Feb 2019, I bought a new Honda Pilot EXL for $35.7k. MSRP was $40.7k. Rates were 0.9% through Honda financial. In October 2019, I bought a new Honda Accord EX for $24.8K. MSRP was $28.5k. Rates were 1.9% though Honda financial. In January 2020, I bought a 2013 base Corolla with 60k miles for $8700. You can’t buy a 2013 Corolla in 2022 for under $13k now. More on reddit.com
Used car prices still haven’t really gone back to what people expect
Cars are an absolute necessity for 95% of people in the US. Manufacturers and dealers know this. Prices will never return to what they once were, both used and new More on reddit.com
Used car prices are actually insane right now
“The market has lost its mind” my brother in Christ the market lost its mind in 2020 and never recovered. It’s in a rubber room screaming about 9/11 and MKUltra More on reddit.com
What guide do insurance companies use to value cars?
Insurance companies may use comprehensive third-party reports to help value cars. This gives them a sense for how much cars have sold for and what they’re valued at.
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autoinsurance.com › home › researches › new vs. used-car value statistics
New vs. Used-Car Value Statistics
What is the best time of year to buy a car?
The best time of year to buy a car is December, as most dealerships have holiday sales. Other good times include any three-day weekend, like Presidents Day weekend, and Black Friday. If you can’t wait for the next holiday, go toward the end of the month or year, as salespeople will be more motivated to sell vehicles at lower prices to make their sales quotas.
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autoinsurance.com › home › researches › new vs. used-car value statistics
New vs. Used-Car Value Statistics
What is the most accurate used car value guide?
For consumers, the National Automobile Dealer’s Association (NADA) generally provides the most accurate and reliable car values.
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autoinsurance.com › home › researches › new vs. used-car value statistics
New vs. Used-Car Value Statistics
Videos
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Used Car Prices CRASH 36% - YouTube
Reddit
reddit.com › r/cars › in 2019, 49% of used cars cost less than $20,000; today that number is only 12%
r/cars on Reddit: In 2019, 49% of Used Cars Cost Less than $20,000; Today that Number is Only 12%
August 8, 2023 - They didn’t cost as much as SUV’s or trucks and usually depreciated more than Asian and German sedans, and there were a lot more less-than-5 year old models available in 2019 than there are now. ... I think it is just more tech and features in general that keep prices high. If you look at a car from 2010 vs 2020, it is a much larger difference than 2000 to 2010. Large screens with everything being controlled by individual modules. Parts on back order causing new car delays (still happening, by the way). This all causes used cars to be cheaper to buy and repair.
Kelley Blue Book
kbb.com › home › car advice › is now the time to buy, sell, or trade in a car?
Is Now the Time to Buy, Sell, or Trade in a Car? - Kelley Blue Book
3 weeks ago - Those high price headlines can make car shoppers feel a little fatalistic. But they’re slightly misleading. The average is high, in large part, because Americans are choosing to pay more. Luxury cars and luxury trim levels on pickup trucks push up the average. Savvy shoppers can still find a quality car for much less than the average. The used-car market is a more complicated story: Prices rose in May even as supply increased.
Facebook
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New car prices are up around 22% compared to 2019 ...
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Reddit
reddit.com › r/whatcarshouldibuy › what were car prices like, new or used from 2018 to early 2020?
r/whatcarshouldIbuy on Reddit: What were car prices like, new or used from 2018 to early 2020?
December 27, 2022 -
I guess what I’m asking is in the past 4 or 5 years, what was the best month or quarter to buy? What sort of deals did buyers get and with what rates? Does anyone that was part of that time span want to share what they got and for how much so I can gauge how big of a missed opportunity it was? Thanks
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In Feb 2019, I bought a new Honda Pilot EXL for $35.7k. MSRP was $40.7k. Rates were 0.9% through Honda financial. In October 2019, I bought a new Honda Accord EX for $24.8K. MSRP was $28.5k. Rates were 1.9% though Honda financial. In January 2020, I bought a 2013 base Corolla with 60k miles for $8700. You can’t buy a 2013 Corolla in 2022 for under $13k now.
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Daughter bought a 2018 Hyundai Elantra (previous Budget daily rental) in January 2020 for $11,500 and 1.9% APR. She made larger payments when COVID hit and paid it off in a year. She still has it. 66K miles.