Oklahoma ranks No. 6 for lowest vehicle price inflation

iSeeCars ranked Oklahoma in the Top 10 States for lowest used vehicle price inflation for April 2022.

Average used car price increases by state (April 2022)

Source: iSeeCars, April 2022

iSeeCars analyzed over 1.5 million 1-5-year-old used car sales in April 2021 and 2022. The average listing prices of each car model were compared between the two time periods, and the differences were expressed as both a percentage difference from the price as well as a dollar difference.

The average 1-to-5-year-old car in the United States in April 2022 was $34,392. The average price in Oklahoma was slightly lower at $33,547.

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com or contact Eric Long, Research Economist – 405-297-8976; [email protected]. 

DID YOU KNOW?
Get regional demographic data, consumer expenditure information, labor force data for the Greater Oklahoma City Region and more at greateroklahomacity.com.

This article originally appeared in the June 2022 edition of the VeloCity newsletter.