Consumer Report List Of Used Car Suggestions

New Cars Cost Too Much? Consumer Reports Offers Top Ten Used Model Picks

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SEE ALSO: USED CAR REVIEWS AND TIPS HERE

The AIADA Newsletter reported that at a time when average new-vehicle prices near $50,000 are pushing more shoppers to consider the used market, Consumer Reports is releasing brand reliability ratings and "top picks" of pre-owned models for the first time.

According to the Detroit News, the consumer advocacy nonprofit on Tuesday released the used-vehicle studies that give the Asian brands higher scores and more spots on the group's "top picks" list. Lexus tops the list followed closely by Toyota. Among the Detroit Three automakers, only General Motors Co. made the top 10 in the reliability study and had models make the top-picked used vehicle list. The average listing price for a new vehicle was $47,307 in July and the average used price was $25,415, according to Cox Automotive.

With far fewer new-vehicle offerings under $30,000 today, more customers are evaluating used vehicles. Sixty-eight percent of car buyers consider both new and used vehicles when shopping, according to a 2023 study from Cox Automotive, an automotive services company. That's up from 55 percent two years ago.