Which states buy the most expensive used cars?
Used car prices have reached record highs, with the average used car price at $ 24,710 according to iSeeCars.comrecent analysis of. This is the result of greater demand than supply and consumer preference for more expensive SUVs and trucks over cheaper passenger cars.
Car buyers in some states pay well above this average, while others pay well below. The state with the most expensive used cars (Alaska) pays $ 7,695 more than the state with the cheapest used cars (Indiana).
iSeeCars analyzed 8 million car sales to determine which states pay the most and the least for used cars.
Used car prices by state
Which states pay the most for their used cars, and which states pay the least? Here are the average used car prices by state in descending order:
|Average Used Car Price by State – iSeeCars|
|Rank||State||Average used car price|
|7||New Mexico||$ 26,261|
|9||new York||$ 25,693|
|14||West Virginia||$ 25,260|
|15||North Dakota||$ 25,259|
|16||South Dakota||$ 25,156|
|19||North Carolina||$ 24,976|
|20||Rhode Island||$ 24,962|
|Average used car price||$ 24,710|
|30||Caroline from the south||$ 24,390|
|32||New Jersey||$ 24,329|
|36||New Hampshire||$ 24,104|
- Alaska is the state with the most expensive used cars with an average used car price of $ 29,656. SUVs are the most common type of vehicle in Alaska, accounting for 45% of all used vehicle purchases. Trucks are the most expensive type of vehicle among Alaska drivers, with an average price tag of $ 40,133.
- Consumers in Indiana pay the least for their used cars with an average used car price of $ 21,961. The most common vehicles in Indiana are SUVs, which average $ 22,640.
- Of the top 5 states with the highest used car prices, four are western states.
- California has the highest share of sedans at 34.8%, and the state also has the highest average used car price for sedans at $ 20,406.
What does this mean for car buyers? If you are looking for a used car in today’s market, there might be a better selection of affordable used cars in a neighboring state. While most neighboring states have similar prices for used cars, states like Wyoming and Colorado have a difference of $ 4,735 in the average used car price.
Learn more about iSeeCars.com:
iSeeCars.com analyzed more than 8 million used car sales from February to July 2021. The average price of used cars was aggregated for each state, as was the share of sales of each body type within the State.
iSeeCars.com is a car search engine which helps buyers find the best car deals by providing key information and valuable resources, like iSeeCars free VIN verification reports. iSeeCars.com Has Saved Users Over $ 305 Million So Far By Applying Big Data Analytics Powered By Over 25 Billion (And Growing) Data Points And Using Proprietary Algorithms to objectively analyze, rate and classify millions of new and used cars.
This article, Which states buy the most expensive cars originally appeared on iSeeCars.com.