IRVINE, Calif., July 28, 2016 /PRNewswire/ -- While today's new cars are jam-packed with the lastest tech features and forward-thinking styling, they also are now more expensive than ever, with the average price of a new car currently at $33,801. Many people shudder at the thought of a large monthly car payment, and most average American car shoppers cannot afford to buy a brand-new car outright, resulting in a sizable market for affordable used cars. Based on the recommendations of KBB.com editors after consulting their master mechanic, Kelley Blue Book www.kbb.com, the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry, has named this year's 10 Best Used Cars Under $8,000.
"While spending $8,000 or less won't get you the newest tech or the shiniest paint job, it can buy you solid, reliable transportation that will last for the next several years if you play your cards correctly," said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book's KBB.com. "For those who feel a keen ache in their checkbook thinking about the prospect of a big monthly payment, this year's list of KBB.com's 10 Best Used Cars Under $8,000 should provide some relief, because there are good used-car alternatives to a more expensive vehicle."
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About Kelley Blue Book (www.kbb.com) Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used cars this week. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book's KBB.com ranked highest in its category for brand equity by the 2016 Harris Poll EquiTrend® study and has been named Online Auto Shopping Brand of the Year for five consecutive years. Kelley Blue Book Co., Inc. is a Cox Automotive™ brand.
About Cox Automotive Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has nearly 33,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues of $18 billion and approximately 55,000 employees. Cox Enterprises' other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.