Used vehicle prices have skyrocketed, and it's more difficult to negotiate now that pricing is more transparent.— since the age of 13, and I assumed she could at least pitch in for a reasonably priced pre-owned model.Anyone who has stayed away from the car market in recent years is in for a massive shock, Ivan Drury, Edmunds' director of insights, told me."It does not resemble anything that you were accustomed to.
from just five years ago, before the pandemic disrupted supply chains and sent prices for new and used vehicles skyrocketing.For new cars, the average transaction price is $47,823 as of October, near an all-time high. There are fewer options available at lower prices. Spoiler alert: It'sNow, 10% of all vehicles sold cost more than $70,000, up from 3% five years ago, according to Edmunds. Just 0.
But the average price for a 10-year-old Wrangler is still $23,381, and older cars with more mileage will increase the cost of ownership, experts say.A Jeep dealership in Shrewsbury, New Jersey