2021 Compact SUV Challenge | photo by Christian Lantry Cars Vs. But these increases amount to single-digit percentage gains - not enough to offset the spike in used pricing years later. In late 2018, the average transaction price on a new car was $34,292, up from $32,000 in late 2016, according to J.D. Granted, some of that needs to be contextualized against the upward creep in pricing for those used cars when they were new. That’s now catapulted to $16,331 for a 10-year-old (2012) model in July 2022 - a whopping 104%. A 10-year-old (2009) used car in July 2019 had a median price of $7,997.
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