Used Cars for Less Than $20,000 Are Phasing Out: Report

Used cars are offered for sale at a dealership in Chicago. Scott Olson/Getty Images

The days of buying a late-model, pre-owned vehicle for less than $20,000 may soon become history, according to a new report.

Used cars listed for less than $20,000 make up 11.5 percent of today’s 3-year-old market, down from 49.3 percent in 2019, according to the report from iSeeCars.com, an online car search and research firm.