Auto Hangar

https://www.facebook.com/share/19DjguC1k7/?mibextid=wwXIfr

Used vehicles are supposed to be an affordable alternative to new cars now priced above $50,000 on average. But used cars and trucks are getting more expensive, and the six largest publicly traded U.S. auto retailers spent the second quarter dealing with rising prices, heavy demand and uneven supply of more affordable options.

Penske Automotive, Lithia Motors, Sonic Automotive, AutoNation Inc., Group 1 Automotive and Asbury Automotive are responding differently — through off-lease supply, sourcing innovations and volume strategy shifts.

Used vehicles for sale under $20,000 are more difficult to find than pricier models, AutoNation CEO Mike Manley said during the company’s July 31 earnings call.

The average used-vehicle price grew 4.5 percent to just under $31,000 in June, according to Cars.com’s June 2026 Industry Insights report. The top 50 3-year-old models are priced 3 percent higher so far this year as middle-income consumers have turned away from high-priced new vehicles in favor of the used market, according to Cox Automotive.

“You probably are seeing some buyers that may be on the cusp of affordability for a new vehicle are being diverted to used, putting a little more pricing pressure here,” Cox Automotive Chief Economist Mark Strand said in June.

Read more: https://www.autonews.com/retail/an-six-dealerships-adapt-to-used-vehicle-trends-0806/

Need a car in a hurry? We've got plenty to choose from. Take a look at this 2020 Tesla Model 3!

2020 Tesla Model 3 Long Range - Auto Hangar 2020 Tesla Model 3 Long Range **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Check out this 2019 BMW i3! It's one of the most popular models out there, it's a proven value you'll love. Make it yours before it's gone!

2019 BMW i3 - Auto Hangar 2019 BMW i3 **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Just in! This 2015 Cadillac ATS is a steal! Just added with low miles and great condition -- this one’s going to go FAST!

2015 Cadillac ATS 2.5L Luxury - Auto Hangar 2015 Cadillac ATS 2.5L Luxury **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Wow! Check out our newest addition, this awesome 2016 Cadillac SRX is full of features you’ll love.

2016 Cadillac SRX Performance Collection - Auto Hangar 2016 Cadillac SRX Performance Collection **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Schedule a test drive while you can! This 2023 Chevrolet Bolt EUV just hit the lot and will move quickly. Act fast!! We’re available for a test drive today!

2023 Chevrolet Bolt EUV LT - Auto Hangar 2023 Chevrolet Bolt EUV LT **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Wow! Check out our newest addition, this awesome 2023 Chevrolet Bolt EUV is full of features you’ll love.

2023 Chevrolet Bolt EUV LT - Auto Hangar 2023 Chevrolet Bolt EUV LT **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Just in! This 2017 Chevrolet Volt is a steal! Just added with low miles and great condition -- this one’s going to go FAST!

2017 Chevrolet Volt LT - Auto Hangar 2017 Chevrolet Volt LT **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Shopping for a new vehicle? We have tons of great options. Check out this 2018 Ford Transit that’s proven to be safe, reliable and an excellent investment.

2018 Ford Transit 250 - Auto Hangar 2018 Ford Transit 250 **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX

Just in! This 2018 Ford F-150 is a steal! Just added with low miles and great condition -- this one’s going to go FAST!

2018 Ford F-150 XLT - Auto Hangar 2018 Ford F-150 XLT **FOR SALE** By Auto Hangar - 11652 FM 730 N Azle, TX