Used-car shoppers in the US are finding that their money does not go nearly as far as it once did. Vehicles that would have been relatively young and lower-mileage several years ago are now older and have significantly more miles.
Bloomberg reported the experience of Young, a 48-year-old process engineer near Jacksonville, Florida, who paid $30,000 for a Toyota 4Runner loaded with the features he wanted. The SUV was 12 years old and had 90,000 miles on it. In 2023, he bought a Toyota Venza with similar mileage for half that price.
