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This is the average price of a used car in each state

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(iSeeCars) – The average price for a vehicle that is one to five years old averaged $34392 in April. While that’s slightly down from March when the average used car cost was $34,449, used car prices are still high due to the ongoing shortage of microchips.

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How much have used car prices increased in recent months? According to iSeeCars.com Latest analysis Of the more than 1.5 million used car sales in April, used-car prices were up 23.9 percent, or $6,631, compared to the same period a year earlier.

Average used car price hikes by state

Are used car price increases consistent across the country? Here are the average used-car price increases by state, in ascending order:

Used car price hike by state: April 2022 – iSeeCars
Rank condition Price changes on a yearly basis
1 Wyoming 14.8%
2 Idaho 17.6%
3 Rhode Island 17.7%
4 Utah 17.8%
5 South Dakota 18.4%
6 Oklahoma 18.7%
7 New Mexico 18.8%
8 Michigan 18.8%
9 Oregon 18.9%
10 Montana 19.4%
11 Alaska 19.9%
12 Arkansas 20.4%
13 Mississippi 20.5%
14 Vermont 21.1%
15th Texas 21.1%
16 Missouri 21.1%
17 Hawaii 21.6%
18 Tennessee 21.8%
19 kansas 22.0%
20 Wisconsin 22.2%
21 Washington 22.3%
22 Nevada 22.4%
23 Arizona 22.4%
24 Alabama 22.4%
25 New Hampshire 23.1%
26 who 23.2%
27 Ohio 23.3%
28 North Carolina 23.4%
29 South Carolina 23.6%
30 Louisiana 23.7%
31 Georgia 23.8%
Average user price can be increased 23.9%
32 Virginia 23.9%
33 Indiana 24.0%
34 West Virginia 24.2%
35 Maryland 24.4%
36 Kentucky 24.8%
37 California 24.9%
38 Illinois 25.0%
39 Colorado 25.1%
40 New Jersey 25.6%
41 New York 25.7%
42 Florida 25.9%
43 Pennsylvania 26.0%
44 North Dakota 26.2%
45 Delaware 26.6%
46 Minnesota 26.6%
47 Massachusetts 26.9%
48 Yes 27.0%
49 Nebraska 27.5%
50 Connecticut 29.5%
  • Connecticut is the state with the largest increase in used car prices in 2022 compared to 2021 at 29.5 percent, which is $7,303.
  • Wyoming recorded the smallest increase in used car prices at 14.8 percent, which comes to $5,599.

Average used car prices by state

Some countries pay more than others for used cars. Here is a ranking of the average used car price by state in ascending order:

Average used car price by state – iSeeCars
Rank condition Average price of a used car
1 Rhode Island $31190
2 Ohio 31,488 dollars
3 Vermont 31,907 dollars
4 New Hampshire $31940
5 Connecticut $32,043
6 Delaware $32,141
7 Michigan $32,154
8 New Mexico $32279
9 Utah $32342
10 Maryland $32539
11 Indiana $32565
12 Nevada $32,651
13 Virginia 32,801 dollars
14 Pennsylvania $32822
15th New York $33.001
16 Hawaii 33,110 dollars
17 Massachusetts $33,254
18 who $33,284
19 New Jersey $33,345
20 Oregon $33,498
21 Oklahoma $33547
22 Arizona 33574 dollars
23 Florida $33627
24 Alabama $33663
25 Tennessee $33773
26 West Virginia 33827 dollars
27 Kentucky 33888 dollars
28 Wisconsin $33,925
29 North Carolina $33930
30 South Carolina $33933
31 Mississippi $33994
32 Missouri $33995
33 kansas $34,049
34 Minnesota $34,199
35 Louisiana $34,260
36 California $34293
Average price of a used car $34392
37 Texas $34475
38 Nebraska $34656
39 Illinois $34724
40 Georgia $34954
41 Yes $35,332
42 Colorado $35,399
43 Arkansas $35,406
44 Washington $35526
45 Idaho $36529
46 North Dakota $38,585
47 South Dakota $39643
48 Montana $39878
49 Wyoming $43,496
50 Alaska $43,935
  • Rhode Island is the state with the lowest average used car price of $31,190.
  • Alaska is the state with an average used car price of $43,935.

What does this mean for consumers? The current state of the used car market presents a profitable business opportunity to consumers who have a used car for sale. While consumers were previously advised to wait to buy a used car if they were able to, the microchip shortage is expected to continue until early 2023. The best way to avoid extreme price increases for the foreseeable future is to purchase a used car that is not in high demand, such as sedans, And if possible, buy them from a country or region with lower price increases.

More from iSeeCars.com:

methodology

iSeeCars.com analyzed over 1.5 million sales of used cars between the ages of 1 and 5 in April 2021 and 2022. Average listing prices for each car model were compared between the two time periods, and differences expressed as a percentage of the difference About the price plus the dollar difference. Heavy vehicles, low-volume vehicles, vehicles discontinued as of the 2022 model year, and vehicles less than 4 years old were excluded from the five models for each period of further analysis.

About iSeeCars.com

iSeeCars.com is a file car search engine Helps shoppers find the best car deals by providing essential insights and valuable resources, such as iSeeCars Free VIN Check Reports and best cars Categories. iSeeCars.com has saved users more than $325 million to date by implementing big data analytics powered by more than 25 billion (and growing) data points and using proprietary algorithms to objectively analyze, record and categorize millions of new and used cars.

this article, How high have used car prices in your state?originally appeared on iSeeCars.com.

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