Recent Surge in Used Car Prices

Surging Demand Drives Used Car Prices Up For First Time In Seven ...

Many consumers, priced out of this new car market, turn to nearly-new (1-3 year old) vehicles as a substitute, with these cars seeing an 8% jump ...

Why are used car prices still so high? - Marketplace.org

While they're down from their peak during the pandemic, used car prices are still about 40% higher than before COVID, according to the Bureau of ...

Used-car sales rise as new-used price gap widens, ZeroSum report ...

Used-car sales surged as the price gap with new vehicles widens, according to ZeroSum's report. Find out the latest trends in the used car ...

Car Prices in 2024: Why are More People Buying Used? - Major World

Used car sales began to rise in Q4 2023 and they show no signs of slowing down. So what's going on exactly? Why are so many people buying low-mileage used ...

Why experts say now is a good time to buy a used car before prices ...

Behind the vehicle shortage and inflated prices is simple supply and demand. Much of the problem stems from the surging prices of new cars. In ...

Used Car Price Trends - CarGurus Pricing Index

Car pricing that's driving the market ; Dodge. -1.8%. #1 Price decrease over past 30 days ; Genesis. -1.6%. #2 Price decrease over past 30 days ; MINI. -1.5%. #3 ...

Used Vehicle Prices Undergo Major Course Correction in Q2

A buildup of new vehicles on lots over the past year has been the catalyst for discounts and incentives on aging inventory. As these new car ...

Used Car Prices Are Falling So Much They're Driving Down Inflation

The price declines come after a prolonged supply crunch in the new vehicle market caused used values to skyrocket. Not long ago, the rise in ...

Used car prices soar as demand for limited inventory grows, report ...

Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a new Edmunds report.

Used-Car Prices Are Poised to Peak in U.S. After Pandemic Surge

The record-breaking rise in used-car prices is probably coming to an end -- and with it a key driver of the recent spike in US inflation.

Used-Car Shoppers Are Getting a Break As Prices Fall—Unless ...

Used car prices surged in 2021 after the pandemic disrupted the production of new vehicles, leading to shortages. Bizarrely, some car owners ...

Why Used Car Prices Are Rising After Months of Declines - Kiplinger

Used car prices had been dropping consistently from pandemic highs, until the latest CPI data's surprising spike.

Estimated Monthly Used-Vehicle SAAR and Volume - Cox Automotive

“The used-vehicle market is expected to regain some normalcy and balance in 2024,” noted Frey. “However, the effects of lower new-vehicle sales ...

Used Cars Under $20K Are Making a Comeback - iSeeCars.com

The market share of used cars priced under $20000 has increased 30.3 percent since last year, and the average price is $32672, a 4.7 percent ...

Old Used Car Prices Are Spiking Because New Cars Are Too ...

The increase corresponds with a higher market share for old used cars, which currently sits at 22.7 percent. In short, more people than ever are ...

Why used car prices went absolutely insane last month.

After cooling off a bit from a surge last year, the cost of used vehicles suddenly shot up 10 percent in April alone, according to the Bureau of ...

Used-Car Prices Are Finally Dropping; Here's What to Expect in 2023

As new-car production improves, demand for used cars will ease up and prices will continue to fall in the new year. The firm estimates that used ...

Shopping for a used car? Why now may be the time to buy.

According to the latest data from car shopping website Edmunds.com, the used car market is hot, with average prices paid for used vehicles in ...

Used car prices plunging: EVs hit the hardest - Axios

Used vehicle prices are plummeting. That's good news if you're in the market for a new ride, bad news if you're counting on a trade-in to do ...

How Has Car Price Forecasting Changed? - OpenMarkets

The used car market is cooling off, but we're not back to normal yet. The "New Normal": Whether prices settle higher or return to pre-pandemic ...