Affordable used cars are rapidly disappearing from the market: cars cheaper than $ 20,000 become a deficit
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12.08.2026 22:39
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1 min read
The share of used cars worth up to $20,000 in the secondary car market is rapidly declining, forcing buyers to either significantly increase the budget or agree to buy high-mileage cars. According to the study published Motor1 editionThe budget segment of used transport decreased several times compared to pre-pandemic indicators.
Back in 2019, cars with mileage costing less than $20,000 accounted for almost half of total sales in the secondary market. Now the share of such cars has fallen to minimum values, and their average age and mileage have increased significantly.
Experts call the main reasons for the deficit general inflation, the consequences of failures in supply chains of past years and the withdrawal from production of budget compacts and hatchbacks by automakers. To meet the limit of $ 20,000, buyers have to choose from cars aged 10 years with a mileage of more than 100-120 thousand miles.
Analysts emphasize that the washing of available offers along with high rates on car loans increases the financial burden on motorists, and there are no prerequisites for lower prices in the secondary market in the near future.
