iSeeCars, an automotive research firm and data-driven car search engine, recently analyzed over 1.9 million used car sales from June of this year and compared them to sales from the previous year.
Over the past year, used car prices on average increased 32.7% or $7,583 in June. This comes after a 26.4% year-over-year increase in May and a 16.8% year-over-year increase in April.
Some used car prices increased nearly 50% while others had a slight increase of 11.4%. Sports cars and pickup trucks saw the highest price increases, while small SUVs, hatchbacks and minivans only saw a small change.
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