As the price for new vehicles continues to go up, local used car buyers and dealers are reaping the benefits. According to Edmunds.com, the average new vehicle sold this year is over $36,000. That is up almost thirty percent over ten years ago when the average new vehicle was $28,000. Jesse Yahnke, General Sales Manager at Jorns Chevrolet in Kewaunee, says a decade ago they sold many more four-door sedans.
Yahnke adds that currently, it is much more difficult for dealerships to keep an inventory of used vehicles on the lot.
Six years ago, the average monthly payment for a new vehicle was $462 per month, compared to $556 per month this past February, according to Edmunds.com.