"The average price of a new car today is $50,080. People who cannot afford that can turn to a used car. The average price of those is $26,889, based on iSeeCars data. Either way, supply is a factor, including the availability of parts. Another factor is the rising cost of labor. Some days during the year are much better than others for buying used cars. The best days tend to be on holidays during winter."
"iSeeCars calculated these figures based on a study of the purchase of 40 million cars from October 2024 to October 2025. An iSeeCars expert described the trend in more detail. Analyst Karl Brauer said, "Consumers struggling to find a good deal on a used vehicle will have far more opportunities in the colder months." The chance of getting a deal with a price reduction of 10% or more on any given day throughout the year is 13.7%. Obviously, negotiating is part of used car transactions."
The average price of a new car is $50,080 while the average used car costs $26,889. Supply factors, including parts availability, and rising labor costs affect vehicle prices. A study of 40 million car purchases from October 2024 to October 2025 shows higher chances of significant used-car discounts in colder months and on winter holidays. The annual chance of a 10%+ discount on any given day is 13.7%. Martin Luther King Jr. Day offers the highest odds at 65.5%, followed by New Year's Eve/New Year's Day at 58.6%. Thanksgiving/Black Friday and Halloween offer smaller chances of sizable discounts.
Read at 24/7 Wall St.
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