We’ve written a lot aboutand their absurdity in the past few months as demand outstrips supply. Basically, manufacturing shortages have been leaving automakers without enough new cars to sell to eager buyers. So a ton of shoppers turned to the used car market — and that shows big-time. This past Thursday, Cox Automotive released fresh data that shows the average used car now costs, are you ready for it, $25,101 as of June 2021.
Here’s my first thought: That’s more than a brand-new. I need to say that to help put the dollar figure into perspective because a $25,000 car is not cheap. We’re not talking ultralow-mileage machines, either. Data showed the average mileage on these cars is 68,613 miles, or about five to six years’ worth of driving. So, we’re really