Average Mileage on “Rental Risk” Vehicles Sold to Used Car Market Spikes. But Prices Soar Too. What Gives?

by Wolf Richter
Wolf Street

The Changing Supply of Used Vehicles.

If you have been renting cars periodically, you will have noticed that it’s not unusual now to get into a rental car that has 45,000 miles or even 50,000 miles on the odometer. But 10 years ago, a rental car with 30,000 miles on the odometer would have caused you to raise your eyebrows; and in the early 1990s, a rental car with 25,000 miles would have given you the willies.

This is an important factor for people who’re buying late-model used cars because a substantial part of the supply in the two-year-old range are former rental units. And there are many good deals to be had.

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