Average Used Car Prices Rise to Nearly $30,000 | personal finances

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In 2021, industry revenue reached $649 billion, which is nearly $100 billion higher than 2020 and more than 2019 revenue by nearly $2 billion. “The rise in vehicle prices is offsetting the loss in sales volume,” Chesbrough said.

And that’s with nearly 2 million fewer vehicles sold in 2021 versus 2019, according to Cox Automotive data. Despite limited supply and fewer cars being sold, auto industry revenue is way up.

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