CARFAX: Highest used car prices in 18 months – Some older models close in price to new models

New data from CARFAX shows that average used car prices have climbed to their highest point in 18 months to just under $25,000. That means car shoppers around this time are paying around $1,300 more for the average used vehicle than they would have just a year and a half ago. Notably, the price gap between new and used cars is unusually narrow for some models.