Average Used-Car Price Up 7.6% to Record High of $18,800
Used cars are following the pricey road paved by new cars. Used-car prices hit a record high in the second quarter of 2015, climbing 7.6 percent year-over-year to an average of $18,800, according to a new study by car shopping site Edmunds.com. The price growth mirrors the average transaction price for new light-duty vehicles, which hit a near-record $33,340 in the second quarter this year. “People are buying more trucks and SUVs, and...
