Affordability concerns in new-car market may push many consumers to used
Wednesday, Apr. 5, 2023, 03:04 PM
Joe Overby, Senior Editor
Amid climbing new-car prices and interest rates, there’s growing reason for many consumers to choose an alternative. But without low-cost options in the new-car market, pre-owned may be the choice for many, it seems.
Hard to believe that in early 2022, the average price of a lightly used late-model vehicle was actually 8.5% higher than its new-car counterpart, according to iSeeCars.com.