Used cars costing consumers $10,000 more than ‘normal’ as inflation rages

Best, worst times to buy a car

A car-buying expert gives a few tips and tricks for consumers looking to buy a car.

Prices for used vehicles have skyrocketed over the past two years, with consumers shelling out an average of $10,046 more than they would under normal market conditions, according to a new analysis conducted by CoPilot, an online car-shopping app.

The average listing for a used vehicle climbed to $33,341 in June, a 0.5% increase from the previous month. That is just $200 below a previous peak recorded in March. If depreciation forecasts are accurate, the average price for a used vehicle would actually be around $23,295.

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