Here’s How Much Used Car Prices Have Gone Up in Each State-October 2024-www.zzdcar.com

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Here’s How Much Used Car Prices Have Gone Up in Each State

Here’s How Much Used Car Prices Have Gone Up in Each State-October 2024

2023-12-14 EST 02:30:56

Used car prices are up 10.9 percent over last year as the microchip shortage continues to impact the automotive industry, according to iSeeCars.com’s latest analysis of over 1.8 million used car sales in July. This is slightly up from a 10.5 percent increase in June and marks the second month of slight increases after four months of slowing price growth.

Used Car Price Increases 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 Increases by State: July 2022- iSeeCars
Rank	State	Year-Over-Year % Price Change	Year-Over-Year $ Price Change
1	Oklahoma	0.8%	$278
2	Alaska	1.3%	$542
3	Rhode Island	3.4%	$1,038
4	Hawaii	5.0%	$1,562
5	Mississippi	5.1%	$1,663
6	New Mexico	5.5%	$1,788
7	Arkansas	5.6%	$1,906
8	West Virginia	5.8%	$1,885
9	Missouri	5.9%	$1,891
10	South Dakota	6.0%	$2,160
11	Texas	6.1%	$1,989
12	Oregon	6.2%	$2,027
13	Idaho	7.1%	$2,477
14	Alabama	7.2%	$2,218
15	Louisiana	7.4%	$2,355
16	Michigan	7.5%	$2,277
17	Kansas	7.7%	$2,442
18	Utah	7.9%	$2,431
19	Indiana	8.2%	$2,469
20	Wyoming	8.4%	$3,292
21	Wisconsin	8.4%	$2,638
22	Tennessee	8.6%	$2,663
23	Nevada	8.9%	$2,677
24	Kentucky	9.2%	$2,811
25	Washington	9.5%	$3,085
26	Ohio	9.6%	$2,775
27	Virginia	9.8%	$2,994
28	Minnesota	9.8%	$3,102
29	Iowa	9.9%	$3,153
30	North Carolina	10.0%	$3,106
31	Montana	10.2%	$3,836
32	Nebraska	10.3%	$3,240
33	Georgia	10.3%	$3,300
34	Illinois	10.5%	$3,297
*National Average*		*10.9%*	*$34,291*
35	Maine	10.9%	$3,302
36	Colorado	11.1%	$3,475
37	Vermont	11.3%	$3,262
38	New Hampshire	11.4%	$3,386
39	Delaware	11.7%	$3,327
40	Maryland	11.7%	$3,470
41	Pennsylvania	12.6%	$3,708
42	Florida	13.0%	$3,842
43	California	13.1%	$4,004
44	North Dakota	13.4%	$4,411
45	Arizona	13.4%	$4,056
46	Massachusetts	14.1%	$4,176
47	Connecticut	14.3%	$4,138
48	New Jersey	15.2%	$4,486
49	New York	15.8%	$4,595
50	South Carolina	16.8%	$5,277

iSeeCars’ used car pricing analysis shows that consumers may be more likely to find a deal in some states than others. South Carolina is the state with the greatest used car price increase in July 2022 compared to July 2021 at 16.8 percent, which amounts to $5,277 Oklahoma has the smallest used car price increase at 0.8 percent, which amounts to $278. Of the 10 states with the highest price increases, seven are Eastern coastal states.

Vehicles with the Highest Used Car Price Increases by State

iSeeCars also examined which used car has gone up the most in price in each state:

Vehicles with the Highest Used Car Price Increases by State: July 2022- iSeeCars
Rank	State		Year-Over-Year % Price Change	Year-Over-Year $ Price Change
1	Alabama	Toyota Prius	45.1%	$9,973
2	Alaska	Nissan Rogue	15.2%	$4,275
3	Arizona	Hyundai Sonata Hybrid	49.9%	$9,477
4	Arkansas	Toyota Prius	43.2%	$9,163
5	California	Nissan LEAF	53.5%	$9,778
6	Colorado	Nissan LEAF	74.5%	$13,146
7	Connecticut	Audi Q3	39.9%	$10,192
8	Delaware	Mercedes-Benz GLE	30.1%	$14,332
9	Florida	Hyundai Sonata Hybrid	72.0%	$12,512
10	Georgia	Audi A7	40.8%	$15,934
11	Hawaii	Nissan Sentra	24.8%	$4,342
12	Idaho	Volkswagen Jetta	22.2%	$4,107
13	Illinois	Chevrolet Bolt EV	41.3%	$9,317
14	Indiana	Toyota Prius	38.9%	$8,240
15	Iowa	Mitsubishi Outlander	30.8%	$5,482
16	Kansas	Acura TLX	28.1%	$9,174
17	Kentucky	Mitsubishi Mirage G4	31.1%	$3,886
18	Louisiana	Lincoln Navigator	34.7%	$17,889
19	Maine	Honda Accord	26.1%	$5,815
20	Maryland	Chevrolet Corvette	55.2%	$39,866
21	Massachusetts	Nissan LEAF	73.9%	$15,093
22	Michigan	Porsche Cayenne	49.7%	$26,989
23	Minnesota	Toyota Prius	51.2%	$10,735
24	Mississippi	BMW X5	29.6%	$12,552
25	Missouri	Toyota Camry Hybrid	38.2%	$9,659
26	Montana	Honda Civic	20.8%	$4,473
27	Nebraska	Subaru Legacy	38.9%	$7,003
28	Nevada	Toyota Camry Hybrid	39.2%	$9,788
29	New Hampshire	Volvo S60	28.7%	$7,549
30	New Jersey	Nissan LEAF	55.4%	$10,017
31	New Mexico	Kia Rio	42.6%	$5,947
32	New York	Hyundai Sonata Hybrid	66.9%	$12,436
33	North Carolina	Hyundai Sonata Hybrid	67.7%	$12,846
34	North Dakota	Honda Accord	38.3%	$8,600
35	Ohio	Toyota Avalon Hybrid	37.0%	$9,737
36	Oklahoma	Lincoln Navigator L	36.0%	$21,167
37	Oregon	Nissan LEAF	68.2%	$13,905
38	Pennsylvania	Nissan LEAF	75.7%	$15,904
39	Rhode Island	Volkswagen Jetta	22.6%	$4,274
40	South Carolina	Porsche Cayenne	39.2%	$23,322
41	South Dakota	Hyundai Elantra	19.1%	$3,223
42	Tennessee	Toyota Avalon Hybrid	43.4%	$12,493
43	Texas	Toyota Prius	40.2%	$8,638
44	Utah	Toyota Camry Hybrid	44.7%	$10,775
45	Vermont	Toyota RAV4 Hybrid	23.0%	$7,038
46	Virginia	Hyundai Sonata Hybrid	61.3%	$10,951
47	Washington	FIAT 500X	71.1%	$10,742
48	West Virginia	Mercedes-Benz GLE	41.5%	$16,969
49	Wisconsin	Toyota Camry Hybrid	35.8%	$8,635
50	Wyoming	Nissan Sentra	16.8%	$3,016

The used car that has the highest increase in the most states is the Nissan LEAF in six states. The used car that has the highest increase across all states is the Nissan LEAF in Pennsylvania with a 75.7 percent increase. What does this mean for consumers? The best way for consumers to avoid significantly higher prices while car shopping for the foreseeable future is to either maintain their current vehicle or purchase a used vehicle that isn’t in high demand, and to be as flexible as possible with factors such as color and trim.

More from iSeeCars.com:

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iSeeCars.com analyzed over 1.8 million 1-5-year-old used car sales in July 2021 and 2022. The average listing prices of each car model were compared between the two time periods, and the differences were expressed as both a percentage difference from the 2021 price as well as a dollar difference. Heavy-duty vehicles, low-volume vehicles, vehicles discontinued as of the 2022 model year, and vehicles with fewer than 4 of the 5 model years for each period were excluded from further analysis.

About iSeeCars.com

iSeeCars.com is a data-driven car search and research company that helps shoppers find the best car deals by providing key insights and valuable resources, including the iSeeCars VIN Check report and Best Cars Rankings. iSeeCars has saved users over $406 million so far by applying big data analytics powered by over 25 billion (and growing) data points and using proprietary algorithms to objectively analyze, score and rank millions of new cars and used cars.

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