Used Cars for Less Than $20,000 Are Phasing Out: Report

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Mary Prenon
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Used Cars for Less Than $20,000 Are Phasing Out: Report
Used Cars for Less Than $20,000 Are Phasing Out: Report

Used cars are offered for sale at a dealership in Chicago, Ill. Scott Olson/Getty Images

The days of buying a later model pre-owned vehicle for less than $20,000 may soon become history, according to a new report.

Used cars listed for under $20,000 comprise 11.5 percent of today’s three-year-old market, down from 49.3 percent in 2019, according to the report from iSeeCars.com, an online car search and research firm.