I’m a veteran Chicago-based consumer automotive journalist devoted to providing news, views, timely tips and reviews to help maximize your automotive investments. In addition to posting on Forbes.com, I'm a regular contributor to Carfax.com, Motor1.com, MyEV.
Remember back when a 10-year-old car with perhaps 100,000 miles or more on the odometer was considered an inexpensive “beater,” best suited for freshly licensed drivers who couldn’t afford anything newer? Those days are long gone, with even older pre-owned models now commanding premium prices., soaring new-vehicle prices continue to force a record number of buyers to seek solace on the used-car side of a dealer’s lot. The website’s data shows that 10-year-old rides now account for 22.
Of note, sedans, wagons and hatchbacks – body styles that several automakers have all but left for dead in recent years – account for all but two of the 15 models the website identifies as having gained the most used-car market share over the previous decade. “While not as popular with new car buyers, older sedans, wagons, and hatchbacks are gaining market share in the used car market,” says iSeeCars.com’s executive analyst Karl Brauer. “Their lower cost, lighter use, and higher fuel efficiency make them an excellent alternative to larger trucks and SUVs that cost more up front and more to fuel and insure.”
The good news here is that even cars that were new 10 years ago are proving to be durable and can be found packed with technology that remains current, making buying even an older vehicle less of a sacrifice and a mechanical question mark than ever.Trump Vs. Harris 2024 Polls: Latest Surveys Show A Virtual Tie After Biden Drops OutThese are the 15 models iSeeCars.
Hatchback Station Wagon Used Car Prices Best Used Cars Old Cars Hyundai Kia Jeep Mercedes
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