Selling your old car? Auto retailers are paying extra for used vehicles in 2021

Selling your old car may net you some extra bucks. Used-car prices are on the rise in 2021, with the average price being paid up almost 30% since January 2020

News 12 Staff

Jul 19, 2021, 1:13 PM

Updated 1,103 days ago

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Selling your old car may net you some extra bucks. Used-car prices are on the rise in 2021, with the average price being paid up almost 30% since January 2020, according to Edmunds.com. Data shows auto retailers are on the hunt to refill their pre-owned vehicle inventory which is leading to them paying more for used cars. One-year-old vehicles are now priced around $40,000 on average compared to just $29,000 a year ago.
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