The average listing price of a used car is $25,630 as of this year, up 33 percent from 2019. The used car business is somewhat infamous for the wide array of dealerships in the game, many of which have made a killing selling cars (and more importantly, the accompanying financing) to subprime buyers who lack other options. These companies are as much in the repossession business as they are in the selling business, and they build the assumption of high turnover for sold vehicles into their business plan. In 2025, an estimated 1.72 million cars and trucks were repossessed in the United States, a figure that is projected to grow 2.2 percent.
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