North Dakota
North Dakota used car prices higher than the national average: survey
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(iSeeCars) Used automotive costs have reached report highs with the common one- to five-year-old used automotive costing $34,852.
How a lot have used automotive costs risen in current months? In keeping with iSeeCars.com’s newest evaluation of over 1.8 million used automotive gross sales in January, used automotive costs elevated 36.9 p.c, or $9,409, in comparison with the identical interval the earlier yr.
Common Used Automobile Value Will increase by State
Are used automotive value will increase constant throughout the nation? Listed below are the common used automotive value will increase by state in ascending order:
Used Automobile Value Will increase by State: January 2022- iSeeCars
Rank
State
12 months-Over-12 months % Value Change
1
Delaware
28.8%
2
Idaho
28.9%
3
Vermont
30.2%
4
Oregon
30.4%
5
Michigan
30.8%
6
Texas
32.3%
7
Rhode Island
32.4%
8
Wyoming
32.4%
9
New Mexico
32.6%
10
Wisconsin
32.6%
11
New Hampshire
33.0%
12
Minnesota
33.1%
13
Nebraska
33.2%
14
Maine
33.4%
15
West Virginia
34.1%
16
South Carolina
34.4%
17
Washington
34.8%
18
Mississippi
35.1%
19
Colorado
35.1%
20
Missouri
35.1%
21
Massachusetts
35.4%
22
New Jersey
35.9%
23
Tennessee
35.9%
24
Utah
35.9%
25
Oklahoma
36.0%
26
South Dakota
36.1%
27
Alabama
36.2%
28
Pennsylvania
36.2%
29
Illinois
36.5%
30
Indiana
36.7%
31
Iowa
36.8%
32
Connecticut
36.8%
33
Virginia
36.9%
34
North Carolina
36.9%
Nationwide Common
36.9%
35
Ohio
37.1%
36
Alaska
37.2%
37
Arkansas
37.3%
38
Georgia
37.3%
39
Arizona
37.6%
40
Maryland
38.1%
41
Hawaii
38.3%
42
Florida
38.4%
43
Kansas
38.9%
44
California
39.7%
45
Louisiana
40.0%
46
Nevada
40.2%
47
New York
40.4%
48
Kentucky
40.8%
49
Montana
42.9%
50
North Dakota
43.5%
- North Dakota is the state with the best used automotive value improve in 2022 in comparison with 2021 at 43.5 p.c, which quantities to $11,413.
- Delaware has the smallest used automotive value improve at 28.8 p.c, which quantities to $7,714.
Common Used Automobile Costs by State
Some states pay greater than others for used automobiles. Here’s a rating of the common used automotive value by state by ascending order:
Common Used Automobile Value by State – iSeeCars
Rank
State
Common Used Automobile Value
1
Connecticut
$30,652
2
Idaho
$31,226
3
Ohio
$31,227
4
Indiana
$32,159
5
Michigan
$32,209
6
Arizona
$32,422
7
Oklahoma
$32,574
8
South Carolina
$32,591
9
Nevada
$32,606
10
Maryland
$32,634
11
Wisconsin
$32,834
12
Hawaii
$32,908
13
Kentucky
$32,916
14
Tennessee
$32,930
15
Pennsylvania
$32,950
16
Massachusetts
$32,953
17
Alabama
$32,970
18
Minnesota
$32,999
19
Virginia
$33,004
20
New Jersey
$33,063
21
Oregon
$33,071
22
Missouri
$33,121
23
Utah
$33,242
24
Mississippi
$33,327
25
Louisiana
$33,412
26
New York
$33,699
27
North Carolina
$33,774
28
New Hampshire
$33,820
29
Rhode Island
$33,906
30
Texas
$34,006
31
New Mexico
$34,104
32
Florida
$34,104
33
Colorado
$34,273
34
Iowa
$34,318
35
Illinois
$34,326
36
Delaware
$34,473
37
Georgia
$34,580
38
Vermont
$34,610
39
Kansas
$34,826
Nationwide Common
$34,852
40
Washington
$35,111
41
Arkansas
$35,358
42
California
$35,417
43
Nebraska
$35,682
44
South Dakota
$36,369
45
North Dakota
$36,711
46
Maine
$36,856
47
Alaska
$37,714
48
West Virginia
$38,396
49
Wyoming
$39,195
50
Montana
$42,417
- Connecticut is the state with the bottom common used automotive value of $30,652.
- Montana is the state with the very best common used automotive value of $42,417.
What does this imply for shoppers? The present state of the used automotive market presents a profitable trade-in alternative for shoppers who’ve a used automobile to promote. Whereas shoppers had been beforehand suggested to attend to buy a used automotive in the event that they had been in a position to take action, the microchip scarcity is predicted to persist for many of 2022. The easiest way to keep away from extreme value hikes for the foreseeable future is to buy a used automobile that isn’t in very excessive demand, comparable to a sedan, and if potential, buy it from a state or area with lower cost will increase.