what is the average car price
Edmunds' analysis found that average used car prices hit a record high of $18,800 in the second quarter, up 7.6 percent â or $1,300 per vehicle â from the second quarter of 2014. Meanwhile, the average age of used cars sold in Q2 2015 was 4.5 years, down from an average of 4.9 years the same time last year.
New car buyers might be getting a slightly better deal than they think. The average price of a new motor has risen from Â£12,207 in 1988 to Â£27,219 today, which is just lower than the Â£27,742 inflation would have pushed it to, according to data from Auto Express.