Buying a used car in San Antonio can be more expensive than buying new, study says

Used Toyota Corollas, Rav4s and Tacomas can cost an additional 13% or more than buying 2022 models. SanAntonio SATX SanAntonioTX SupplyChain UsedCars inflation

On average, used Toyota Corollas cost San Antonio buyers 17.8% more than buying a 2022 model of the same vehicle.Used cars between 1-5 years old cost $34,392 on average, a 23.9% increase from last year, according to the report. In San Antonio, the cost of buying a used car only increased by 15.8% between April 2021-April 2022, meaning the price increase here was lower than the national average.

iSeeCars Executive Analyst Karl Brauer said that ongoing microchip shortages and supply chain issues are the driving force behind the sudden rise in used car prices, according to the report.

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