Used Cars Under $20,000 Fall to 32% of Q2 Sales in 2026

In the second quarter of 2026, vehicles priced under $20,000 comprised 32% of used car sales, down from 55.2% in the same quarter of 2019, according to Edmunds. Used cars in the $5,000 to $10,000 range sold faster, averaging 25.4 days on dealer lots, while cars costing $20,000 to $25,000 took 37.8 days and those over $50,000 took 44.3 days. July data shows average used car prices at $27,028, representing a 29% increase since July 2019. This trend highlights affordability challenges for consumers amid rising inflation, impacting decisions for potential buyers.