Late-model used-car prices up 41% since 2019 & options below $20K are rare

If you have a customer in the market for an affordable late-model vehicle, the options are fewer and far between.

In 2019, nearly half of 3-year-old used cars sold were priced at less than $20,000. That share has dropped to 11.5% this year, according to an iSeeCars analysis of 2.6 million 3-year-old vehicles.

To buy one of these late-model vehicles in 2019, consumers had to shell out an average of $23,159.

Now they’re paying ...