A few years ago, it was common for car dealers to offer cars for sale at auction.
But this year, car dealers are starting to offer up cars for less than $2 million in some cases, according to AutoGuide.com.
That’s not exactly a deal breaker for the typical buyer, but it’s a big step down from years past.
In the last three years alone, the average price of a new vehicle sold in the US dropped from $27,000 to $21,000.
While some of that was due to new cars hitting the market at a much lower price point, the trend is still happening, which is why this year’s auction is happening at the very bottom of the market.
You may be thinking, “If I buy this car, I’ll get the most bang for my buck, right?”
The average price dropped from just under $30,000 in 2016 to just over $19,000 today.
The lowest-priced car you can buy for under 2 million bucks is a Honda Civic, according the auto blog, Car Talk.
A Civic is a luxury car that can go for a whopping $30 million.
The car can go up to $40 million if you go for the 4 door, but the price drops significantly after that.
The Civic’s price also dropped by more than $7,000 from last year, and if you’re thinking of purchasing one, be sure to look at the car’s sticker price, which will go up from $37,900 to $39,900 after the first year of ownership.