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Used cars under $20,000 sell quickly but face key buyer tradeoffs

The share of listings under $20,000 has fallen from pre-pandemic levels as high inflation pressures vehicle affordability, according to CNBC Markets.

Reported · Written up by our desk · Sectors

CNBC Markets reports that used cars priced under $20,000 are moving quickly, reflecting strong demand for lower-cost vehicles.

The outlet says the availability of those listings has changed, with the share of used cars listed below $20,000 now lower than pre-pandemic levels.

According to CNBC Markets, the shift comes amid high inflation, which has altered pricing and affordability dynamics for prospective buyers.

The report highlights that while fast sales may benefit those who can secure a deal quickly, buyers face tradeoffs driven by the tighter share of sub-$20,000 inventory.

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