“Don’t expect heavy discounts.”So if new cars are too expensive, you can just buy a used car, right?
Fewer people bought new cars last year, so fewer used cars were traded in.
And the short supply of new cars is pushing more buyers to consider used cars, raising those prices, analysts say.
The average price paid for a used car is well above $20,000, Edmunds says.
The average value for trade-ins, including leased cars turned in early, was about $17,000 in March, up from about $14,000 a year earlier, according to Edmunds.
Ann Carrns, ”, Ivan Drury, “, Edmunds
The New York Times