So if new cars are too expensive, you can just buy a used car, right? Fewer people bought new cars last year, so fewer used cars were traded in. And the short supply of new cars is pushing more buyers to consider used cars, raising those prices, analysts say. The average price paid for a used car is well above $20,000, Edmunds says. And when you buy a used car, it’s important to have it inspected by an independent mechanic, to spot any potential problems.

Source: New York Times April 16, 2021 12:56 UTC