The average price increase for used cars is 9.5 percent or $2,193 compared to 2019. Convertibles saw the greatest increase of any segment with a 27.2 percent overall jump. Despite the trend of used vehicle prices going up, some have actually decreased in price.

You can still score a great deal on a used car, but you’ll likely pay more than you would have a year ago as used vehicle prices are up. As we mentioned in an earlier article, dealers have 25 percent less inventory now due to pandemic-related factory closures. That drives prices of in-demand cars, both new and used, up. The average price increase for used cars is $2,193 compared to last year, according to an analysis of more than 1.2 million used car sales in October 2020 by iSeeCars.com.
But that doesn’t necessarily mean you should shelve your plans to buy a used car. Interest rates are lower than normal now, so that may offset the cost of a higher priced used car. And if you own a car that has increased in price, you could receive a higher-trade in allowance. That may offset the cost of another used car, especially if you buy one that had a price drop.

“The overall used car price increase of 9.5 percent is extremely interesting, as it averages to almost a $2,200 increase on the price of the average used car,” iSeecars.com Executive Analyst Karl Brauer told Automoblog. “Perhaps what is most surprising is the fact that the body styles that had the greatest increases are coupes ...