Cities With the Cheapest Used Cars

Because of the COVID-19 pandemic and ongoing chip shortage, used cars are more expensive than ever before. According to iSeeCars, the average price of a used vehicle is now $24,710. Shoppers looking to buy a used vehicle are on the hook for a hefty sum these days. For some, there are a few places where you’ll actually be able to purchase a vehicle at a price that’s below average. The outlet put together a list of cities with the most affordable used car prices.

If you’re close to these areas, it might be worth the trip to save money on a used car purchase. The most affordable cities to purchase a used vehicle are:

• Norfolk, Portsmouth, and Newport News, VA
• Hartford and New Haven, CT
• Cincinnati, OH
• Indianapolis, IN
• Columbus, OH

In Norfolk, Portsmouth, and Newport News, VA, the price of a used vehicle is $21,545, which is 12.8% below average. In Columbus, OH, the average price of a used vehicle is $22,098, or 10.6% less than the country’s average.

iSeeCars doesn’t provide an all-encompassing reason for why used cars are cheap in these cities. It could have something to do with the popularity of passenger cars — sedans, coupes, hatchbacks, wagons, and convertibles — though.

In Virginia, passenger cars are the most popular body style, beating SUVs 41.5% to 40.9%. In nearly every other state in the U.S. – 42 out of 50 – SUVs are the most popular body style. Since passenger vehicles are more affordable than SUVs when new and aren’t nearly as in demand as SUVs, it could explain why Virginia’s three cities are the most affordable places to purchase a used vehicle.

According to the outlet’s data, wagons are the most affordable used cars on the market, carrying an average used car price of $14,461. Hatchbacks ($15,006) and sedans ($18,464) aren’t that far behind. Pickup trucks ($34,467) and SUVs ($25,333) are some of the most popular body styles and also the most expensive. SUVs comprise 43% of all used vehicle sales.

Consumers in West Palm Beach, Ft. Peirce, Miami, and Fort Lauderdale, FL are looking at paying the highest prices for a used vehicle. The average used car price in West Palm Beach and Fort Pierce, FL is $27,737 – 12.2% more than the national average. In Miami and Fort Lauderdale, FL, the average used car price is $27,623.

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