MarketPR
The share of used vehicles listed at under $20,000 has dropped from pre-pandemic levels, with high inflation providing the backdrop for a contraction that has made affordable inventory both scarcer and faster-moving.
When a unit does surface at that price point, it tends to sell quickly.
The speed of that clearance is the trade-off attached to buying in a segment where supply has thinned considerably from what buyers found before the pandemic.
What drives the compression Inflation has worked through the cost structure of the used vehicle business broadly, but the sub-$20,000 band has absorbed its effects in the most visible way.
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