Used car and truck prices are dropping according to the latest government data however, a new report says some popular models once considered to be 'affordable' are now anything but.
Used car and truck prices are dropping according to the latest government data however, a new report says some popular models once considered to be"affordable" are now anything but.
The online search engine iSeeCars.com recently looked at affordable used-car options, comparing 2019 prices to 2022 prices of 3-year-old cars in good condition. It found 33 vehicles no longer meet its affordable threshold.Other cars on its less affordable list include the Jeep Wrangler, Ford Edge, and Chevy Traverse.Karl Brauer of iSeeCars said average Americans can't keep up with those price hikes.
And with fewer new cars on the lot, iSeeCars said many shoppers are forced to buy 5, 6, even 10-year-old models.
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