Price jump for older used cars

AutoExec Summary
Car buyers are turning to older cars to save money, driving up the demand and prices for vehicles that are 10 years old or older. A study by iSeeCars found that the average price of older cars has increased by 60.8% since 2014, reaching over $12,000. This trend is driven by financially strained households and the higher quality of used cars available. Sedans, wagons, and hatchbacks are leading the growth in the older car market. In the UK, dealers are being warned about the increasing age of vehicles being traded in and the potential costs of getting them ready for sale.

Brands mentioned: Hyundai, Subaru, Mercedes-Benz, BMW, Nissan, Honda