A significant shift in used car affordability has occurred. The share of used vehicles priced under $20,000 has decreased substantially. This change affects buyers with limited budgets.

Data indicates that the same budget now buys a much older vehicle. The age and condition of available used cars have changed significantly.

Further information on this trend is available from Edmunds, which tracks used car market data. Their findings show a notable change in the used car market over several years.