In Southern California, the typical 10-year-old car costs $13,984, marking a 53% increase since 2014, making it the fourth-highest price nationally.
The growing preference for older vehicles, which offer affordability, is evident as Sacramento experienced a significant jump in its market share, now at 26%.
Nationally, older cars accounted for 23% of used car sales, up from 17% in 2014, a trend driven by an increase in prices and demand.
Despite their age, today's vehicles are more reliable than before, making 10-year-old cars appealing options for budget-conscious buyers looking for quality.
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