Affordable used models are vanishing if you are looking for a lightly-used Subaru Outback. A recent report from iSeeCars says the average used car's price has increased by 47.7 percent since the pandemic. A used Subaru Outback is now among the top 15 models that are the hardest to find, priced under $20,000.
iSeeCars analyzed over 10.8 million 1- to 5-year-old used cars and found the average used car cost $22,493 in 2015, with a slight bump to $23,351 in 2019. But over the last four years, used car prices have exploded – ballooning to $34,491 in 2023, a 47.7 percent rise, averaging more than 10 percent each year.
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iSeeCars data reveals In 2019, about 25 % of used Subaru Outback models cost less than $20,000. But in 2023, only 3 percent of them are priced under $20,000, and these same used models also have nearly twice as much mileage as they did in 2019.
- The Subaru Outback subcompact SUV is number fifteen on the list of least affordable used cars you can buy today.
- The Subaru Outback's average price of a used model in 2019 was $23,433. In 2023, the average cost is now $29,413, an increase of 25.5 percent.
- The Subaru Outback's share of used car sales that cost less than $20,000 in 2019 was 24.5%.
- The share of used Outback sales that cost less than $20,000 in 2023 is now 3.0%.
- The percentage change in share is -87.7%
- The average mileage for a used Outback that cost less than $20,000 in 2019 was 69,355.
- The average mileage for a used Outback that cost more than $20,000 in 2023 is now 104,276.
- The percentage of change in the average Outback mileage is 50.4%.
The 2024 Outback gets new upgrades.
Related story: 6 Things You’ll Love About The New 2024 Subaru Outback, 3 You Won’t
Another reason to buy a new Outback midsize SUV is it gets new upgrades for the 2024 model year change.
The 2024 Outback trim level upgrades.
Outback Base trim level upgrades
The Base Outback now comes with dome and cargo area lights that have been upgraded to LED.
Outback Onyx Edition upgrades
The standard 11.6-inch Multimedia Plus system is now paired with a Harman Kardon speaker system with a 576-watt equivalent amplifier. In addition, the Onyx Edition now comes standard with a Power Moonroof, Reverse Automatic Braking, and a 360-degree heated steering wheel is now standard.
Check Out This Related Story: There Are 3 Features Found Only On The 2024 Subaru Outback Wilderness
Outback Wilderness upgrades
For 2024, the Outback Wilderness now receives a more rugged look thanks to a new front fascia featuring a redesigned bumper and LED fog lights paired with a more prominent front grille. In addition, a 360-degree heated steering wheel is now standard on the Outback Wilderness.
Onyx Edition XT
A 360-degree heated steering wheel is now standard on the Outback Onyx Edition XT. This feature was only offered on higher trim levels the previous year.
What is the price of a 2024 Subaru Outback?
For the 2024 model year, the Outback will be available in nine trim levels. The Base is priced at $30,190, Premium ($32,490), Onyx Edition ($37,400), Limited ($37,090), Touring ($41,640), Onyx Edition XT ($40,655), Wilderness ($41,255), Limited XT ($41,490), and Touring XT ($44,090). In addition, destination and delivery fees are included in the price above ($1,295).
Affordability will be an issue if you are looking for a used 2018-2022 used Subaru Outback. The Subaru Outback midsize SUV is number fifteen on the list of least affordable used cars you can buy today.
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Denis Flierl brings over thirty years of combined auto industry and automotive journalism experience to Torque News readers. He is an accredited Rocky Mountain Automotive Press (RMAP) member. The last twelve years have been spent with Torque News, covering Subaru vehicles and the latest news. Check back daily for his expert Subaru analysis. You'll find the latest stories on the Torque News Subaru page. Follow Denis on Facebook, Twitter, and Instagram.
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