Of the top 5 states with the highest used car prices, four are Western states.Īs for the state where consumers pay the least, Indiana earns the distinction with an average used car price of $21,961. Trucks are the most expensive vehicle type among Alaskan drivers, with an average price of $40,133.
Which States Pay the Most for Cars? - iSeeCarsĪlaska is the state with the most expensive used cars with an average price of $29,656, which is 20 percent higher than the national average. “States with temperate climates tend to have more lower-priced sedans, while mountainous and harsh climate areas prefer trucks and SUVs.” Used Car Prices by State Which states pay the most for their used cars, and which states pay the least? Here are the average used car prices by state in descending order: “Supply and demand for certain vehicle types varies geographically, which is why used car prices vary across cities and states,” said iSeeCars Executive Analyst Karl Brauer. The shares of trucks, SUVs, passenger cars (defined as sedans, coupes, convertibles, hatchbacks, and wagons), and minivans within each state were also calculated and used as ranking metrics across states.
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ISeeCars analyzed 8 million car sales to determine where drivers pay the most and least for used cars. The state with the most expensive used cars (Alaska), pays $7,695 more than the state with the least expensive used cars (Indiana). This is a result of used car demand outstripping supply and because of stronger consumer preference for more expensive SUVs and trucks over less expensive passenger cars.Ĭar buyers in some states pay well above the average used car price, while others pay significantly below.
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