Buying a used car in San Antonio can be more expensive than buying new, study says

Used Toyota Corollas, Rav4s and Tacomas can cost an additional 13% or more than buying 2022 models.

click to enlarge The three priciest used cars likely to cost more than new cars in San Antonio were Toyotas. - UNSPLASH / DENIN LAWLEY
UnSplash / Denin Lawley
The three priciest used cars likely to cost more than new cars in San Antonio were Toyotas.
Buying a used car in San Antonio might actually cost more than driving a brand new one off the lot, a recent study suggests.

According to a report by online automotive search engine iSeeCars.com, used cars including Toyota Corollas, Rav4s, and Tacoma pickup trucks can cost San Antonio residents 13% or more than buying a 2022 version of the same vehicle.

click to enlarge On average, used Toyota Corollas cost San Antonio buyers 17.8% more than buying a 2022 model of the same vehicle. - JULIE BLACKLEY / ISEECARS
Julie Blackley / iSeeCars
On average, used Toyota Corollas cost San Antonio buyers 17.8% more than buying a 2022 model of the same vehicle.
The iSeeCars study only looked at “lightly-used” cars produced between 2020-2021.

Used cars between 1-5 years old cost $34,392 on average, a 23.9% increase from last year, according to the report. In San Antonio, the cost of buying a used car only increased by 15.8% between April 2021-April 2022, meaning the price increase here was lower than the national average.

iSeeCars Executive Analyst Karl Brauer said that ongoing microchip shortages and supply chain issues are the driving force behind the sudden rise in used car prices, according to the report.

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