Do you believe it when a 10-year-old car with perhaps 100,000 miles or more on the odometer was considered a reasonable “beater,” better suited to newly licensed drivers who couldn’t afford anything newer?Those days are long gone, and even older used models now charge more.
According to a study conducted through online vehicle marketplace iSeeCars. com, the rising costs of new vehicles continue to force a record number of buyers to seek comfort in used cars at a dealership. The website’s data shows that 10-year-old cars now account for 22. 7% of the last 10 years, from $7,583 to $12,194.
It’s worth noting that sedans, wagons and sedans (chassis styles that have been left for dead by several automakers in recent years) account for nearly two of the 15 models it identifies as having gained the largest share in the automotive market. used cars over the last decade. . .
“While not as popular among new car buyers, older sedans, trucks and sedans are gaining market share in the used car market,” says Karl Brauer, executive analyst at iSeeCars. com. “Their lower payload, lighter operation, and higher fuel output make them an excellent option over larger trucks and SUVs that charge more upfront and more for refueling and insurance. “
The good news here is that even cars that were new 10 years ago turn out to be durable and can be supplied with a generation that is still current, making buying a vehicle, even an older one, less of a sacrifice than ever and a mechanical question mark.
These are the 15 models known through iSeeCars. com to have the requested expansion over the last decade, with their evolution in market percentage and average transaction price, based on research of 169 million models sold in the first part of 2024:
Source: iSeeCars. com; You can read the full one here.
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