In the market for a used car? Here you can find the best prices.

STATEN ISLAND, NY — Looking for the best deals for a used car? You might want to look outside New York.

Over the past two years, global microchip shortages have led to an increase in the prices of used cars, which has slowed production of new vehicles, subsequently increased demand for used vehicles and pushed prices to a generally higher level. The stable market is skyrocketing.

But not all parts of the country have been equally affected by rising prices, with residents in some states paying, on average, more than $7,000 more than those living elsewhere.

A new study by automotive research firm iSeeCars.com found that the average price of a new car can vary greatly depending on which city or state the vehicle is purchased in.

Researchers analyzed more than 8 million used car sales from February to July 2021 to find out which drivers are currently paying the most and least for used vehicles.

“The supply and demand for certain types of vehicles vary geographically, which is why prices for used cars vary across cities and states,” said Karl Breuer, executive analyst at iSeeCars. “States with temperate climates tend to have lower-priced sedans, while mountainous and harsh climate regions prefer trucks and SUVs.”

Nationwide, researchers found the average price of a new car over the above time period was $24,710.

New York is the ninth most expensive state to buy a used car with an average price of $25,693, which is 4% higher than the national average.

Meanwhile, New York City ranked as the 12th most expensive city to buy a used car, with an average price of $25,189, which is 1.9% higher than the national average.

With this in mind, New York residents who are currently in the market for a used car, including those whose vehicles have been affected by flooding during recent storms, may consider traveling to a nearby state. where used car prices are low. their next vehicle purchase.

These potential buyers may consider traveling to New Jersey, Pennsylvania or Connecticut, where the average used car price is currently lower than the national average.

In New Jersey, the state with the 32nd most expensive prices, the average price for a used car is $24,329, which is 1.5% lower than the national average.

In Pennsylvania, the 40th most expensive state, researchers found the average used car cost was $23,488, which is 4.9% less than the national average.

And in Connecticut, the 48th most expensive, or third least expensive state, the average price for a used car was $22,528, which is 8.8% less than the national average.

“If you’re looking for a used car in today’s market, a neighboring state may have a better selection of affordable used cars,” Breuer said. “Although most neighboring states have similar used car prices, states like Wyoming and Colorado have a difference of $4,735 in average used car prices.”

According to the study, let’s take a look at some of the states and cities where used car prices are the lowest and lowest.

most expensive states

  1. Alaska – $29,656 median price – 20.0% higher than national average
  2. Wyoming – $29,419 median price – 19.1% above national average
  3. Montana – $27,303 Average price – 10.5% above national average
  4. Arkansas – $27,123 median price – 9.8% above national average
  5. Idaho – $26,662 median price – 7.9% above national average
  6. Texas – $26,620 median price – 7.7% higher than national average
  7. New Mexico – $26,261 median price – 6.3% higher than national average
  8. Mississippi – $25,788 median price – 4.4% above national average
  9. New York – $25,693 Average price – 4.0% higher than national average
  10. California – $25,555 median price – 3.4% higher than national average

least expensive state

  1. Indiana – $21,961 median price – 11.1% lower than national average
  2. Ohio – $22,244 median price – 10.0% lower than national average
  3. Connecticut – $22,528 median price – 8.8% below national average
  4. Virginia – $22,618 median price – 8.5% lower than national average
  5. Kentucky – $22,995 median price – 6.9% lower than national average
  6. Iowa – $23,062 median price – 6.7% lower than national average
  7. Minnesota – $23,120 median price – 6.4% lower than national average
  8. Hawaii – $23,290 Average price – 5.7% lower than national average
  9. Michigan – $23,348 median price – 5.5% lower than national average
  10. Delaware – $23,469 Average price – 5.0% lower than national average

most expensive cities

  1. West Palm Beach-ft. Pierce, FL – $27,737 Average price – 12.2% above national average
  2. Miami-ft. Lauderdale, FL – $27,623 Average price – 11.8% above national average
  3. Houston, TX – $26,964 Average price – 9.1% above national average
  4. Charlotte, NC – $26,448 Average price – 7.0% higher than national average
  5. Albuquerque-Santa Fe, NM – $26,433 Average price – 7.0% higher than national average
  6. Dallas-ft. Price, TX – $26,351 Average price – 6.6% above national average
  7. San Antonio, TX – $26,308 Average price – 6.4% above national average
  8. Austin, TX – $26,010 Average price – 5.2% above national average
  9. San Francisco-Oakland-San Jose, CA – $25,830 Average price – 4.5% higher than national average
  10. Los Angeles, CA – $25,782 median price – 4.3% higher than national average

least expensive city

  1. Norfolk-Portsmouth-Newport News, VA – $21,545 median price – 12.8% below national average
  2. Hartford & New Haven, CT – $21,594 Average price – 12.6% less than national average
  3. Cincinnati, OH – $21,597 median price – 12.6% lower than national average
  4. Indianapolis, IN – $22,011 Average price – 10.9% below national average
  5. Columbus, OH – $22,098 Average price – 10.6% lower than national average
  6. Cleveland-Akron (Canton), OH – $22,704 Average price – 8.1% lower than national average
  7. Grand Rapids-Kalamazoo, MI – $22,999 median price – 6.9% lower than national average
  8. Harrisburg-Lancaster-York, PA – $23,235 Average price – 6.0% lower than national average
  9. Baltimore, MD – $23,386 Average price – 5.4% below national average
  10. Orlando-Daytona Beach, FL – $23,404 Average price – 5.3% below national average

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