What it cost to buy a 3-year-old used vehicle back in 2019 would today only afford something that is 7 years old in Denver, according to a study from iSeeCars.com.
What it cost to buy a 3-year-old used vehicle back in 2019 would today only pay for something that is 7 years old in Denver,That trend is national, and it reflects both inflation as well as a decrease in new car production between 2020 and 2022 because of the pandemic. The big run-up explains, in part, why consumers are under such financial pressure, not only when it comes to where they live, but also what they drive.
Some models go above that. A 3-year-old Chevrolet Spark cost an average of $10,105 in 2019. But in 2023, that amount would only put someone behind the wheel of a 9-year-old Spark, according to the study. That is pushing consumers to hold onto their rides longer. The average age of vehicles in the U.S. has increased from 4.8 years on average to 6.1 years. Offsetting some of that blow — the greater durability and reliability of vehicles.
“Older cars will generally have worse fuel efficiency and higher emissions than newer cars, but thankfully the numbers haven’t shifted too dramatically in the past 10 years,” Brauer said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Autopilot trial over 2019 fatality kicks off in CaliforniaThe trial, in a California state court, stems from a civil lawsuit alleging the Autopilot system caused owner Micah Lee’s Model 3 to suddenly veer off a highway east of Los Angeles at 65 mph.
Read more »
Hays CISD substitute teacher sentenced for assaulting student in 2019Tiffani Lankford, a former substitute teacher in Hays ISD, was sentenced to 10 years of probation for assaulting a Lehman High School student in 2019.The Hays C
Read more »
Ready or Not (2019) | ScreenRantIn Matt Bettinelli-Olpin and Tyler Gillett's 2019 black comedy Ready Or Not, newlywed bride Grace Le Domas participates in a violent game of hide-and-seek with her fiancé's family, who attempt to kill her during her wedding night as part of a long-standing ritual. The film stars Samara Weaving as Grace, Mark O'Brien as Grace's husband Alex, Adam Brody as Alex's brother Daniel, Andie MacDowell as their mother Becky, and Henry Czerny, Melanie Scrofano, Kristian Bruun, and Elyse Levesque as other members of the murderous family.
Read more »
New Zealand has plenty of Cricket World Cup motivation based on controversial defeat in 2019 finalFour years ago New Zealand missed out on its first Cricket World Cup title by the barest of margins after being beaten on a countback of boundaries by England at Lord’s.
Read more »
Report finds San Diego saw 71% increase in biking since 2019The company Streetlight Data found the San Diego metropolitan region saw the second highest increase in bike trips of anywhere in the country.
Read more »