Indiana
How much have used car prices gone up in Indiana?
(ISeeCars) – Used automobile costs have risen 30.4 p.c over final 12 months because the microchip scarcity continues to influence the automotive business, in line with iSeeCars.com’s newest used automobile worth evaluation of 1.8 million automobile gross sales in March. That is down from a 35.0 p.c improve in February.
Used Automotive Value Will increase by State
Are used automobile worth will increase constant throughout the nation? Listed here are the common used automobile worth will increase by state in ascending order:
Used Automotive Value Will increase by State: March 2022- iSeeCars
Rank
State
Yr-Over-Yr % Value Change
Yr-Over-Yr $ Value Change
1
Wyoming
18.9%
$7,650
2
Rhode Island
19.4%
$5,227
3
Alaska
20.3%
$8,013
4
Idaho
22.5%
$6,902
5
North Dakota
24.0%
$7,574
6
Texas
24.7%
$6,698
7
South Dakota
24.7%
$7,916
8
Mississippi
25.2%
$6,676
9
Maine
25.3%
$6,915
10
Montana
25.3%
$8,384
11
Vermont
25.8%
$6,995
12
Oregon
26.0%
$6,983
13
Nebraska
26.5%
$7,298
14
Utah
27.3%
$7,043
15
Alabama
27.4%
$7,160
16
Michigan
27.9%
$7,065
17
Hawaii
27.9%
$7,276
18
Tennessee
28.0%
$7,258
19
New Hampshire
28.1%
$6,972
20
New Mexico
28.5%
$7,557
21
North Carolina
28.5%
$7,404
22
Oklahoma
28.6%
$7,406
23
Arkansas
29.2%
$7,921
24
Wisconsin
29.4%
$7,622
25
West Virginia
29.4%
$7,943
26
Indiana
29.5%
$7,391
27
Georgia
29.6%
$7,954
28
Kentucky
29.8%
$7,513
29
South Carolina
30.0%
$7,737
30
Colorado
30.0%
$7,980
31
Maryland
30.2%
$7,402
32
Louisiana
30.3%
$7,751
33
Virginia
30.3%
$7,573
Common Throughout All States
30.4%
$8,032
34
Delaware
30.5%
$7,280
35
Ohio
30.6%
$7,370
36
Nevada
30.8%
$7,535
37
Arizona
30.8%
$7,867
38
Pennsylvania
30.9%
$7,740
39
Minnesota
31.1%
$8,153
40
Missouri
31.2%
$8,027
41
Illinois
31.5%
$8,252
42
New York
31.6%
$8,061
43
Florida
31.7%
$8,201
44
Massachusetts
31.8%
$7,984
45
Iowa
32.6%
$8,891
46
New Jersey
32.6%
$8,307
47
Kansas
33.0%
$8,618
48
California
33.2%
$8,764
49
Washington
34.0%
$9,222
50
Connecticut
35.2%
$8,426
iSeeCars’ used automobile pricing evaluation reveals that customers could also be extra prone to discover a deal in some states than others.
- Connecticut is the state with the best used automobile worth improve in March 2022 in comparison with March 2021 at 35.2 p.c, which quantities to $8,426.
- Wyoming has the smallest used automobile worth improve at 18.9 p.c, which quantities to $7,650.
- Of the ten states with the best worth will increase, seven are coastal states.
What does this imply for shoppers? Whereas shoppers have been beforehand suggested to attend to buy a used automobile in the event that they have been in a position to take action, new geopolitical elements are anticipated to exacerbate and extend the current used automobile worth will increase. One of the best ways for shoppers to keep away from considerably increased costs whereas automobile searching for the foreseeable future is to both keep their present automobile or buy a used automobile that isn’t in excessive demand, and to be as versatile as potential with elements resembling colour and trim.
Methodology
iSeeCars.com analyzed over 1.8 million 1-5-year-old used automobile gross sales in March 2021 and 2022. The common itemizing costs of every automobile mannequin have been in contrast between the 2 time durations, and the variations have been expressed as each a share distinction from the 2021 worth in addition to a greenback distinction. Heavy-duty automobiles, low-volume automobiles, automobiles discontinued as of the 2022 mannequin 12 months, and automobiles with fewer than 4 of the 5 mannequin years for every interval have been excluded from additional evaluation.
About iSeeCars.com
iSeeCars.com is a automobile search engine that helps consumers discover the most effective automobile offers by offering key insights and worthwhile assets, just like the iSeeCars free VIN verify stories and Finest Vehicles rankings. iSeeCars.com has saved customers over $339 million to date by making use of large information analytics powered by over 25 billion (and rising) information factors and utilizing proprietary algorithms to objectively analyze, rating and rank thousands and thousands of recent vehicles and used vehicles.
This text initially appeared on iSeeCars.com.