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Report: Austin's average used car prices rise by $8,404 in a year


The average used car buyer in Austin is coughing up an additional $8,404 when compared to March 2021, according to a new report.

With a 32.1% year-over-year jump, Austin has seen the 11th-highest change in average used car prices in the country. The study, which analyzed 1.8 million car sales from March 2021-2022, found that used cars increased just over 30% nationwide due to microchip and semiconductor shortages disrupting the supply chain for new vehicles.

The study found that smaller, semi-affordable cars and alternative fuel vehicles—like Austin-based Teslas—have taken the biggest leap. Austin's used car prices also saw the largest percentage increase among other Texas cities.

Here's where other metros stacked up:

  • No. 1 San Francisco—36.8%
  • No. 2 Miami—35.9%
  • No. 3 New York—35.2%
  • No. 11 Austin—32.1%
  • No. 37 Houston—28.7%
  • No. 49, Dallas-Fort Worth—21.2%
  • No. 50 San Antonio, TX—10.9%
But it's not all doom and gloom: The 30.4% jump is less than February, which peaked at a 35% year-over-year increase.


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