What is responsible for the insane increase in used car prices over ...

One of the many issues is that new vehicle prices have skyrocketed which affects the used prices. People can't afford new, so they need to buy used.

Why are used car prices so crazy right now? - Reddit

The supply of good used cars is still low so that also drives up prices. Upvote

Used-Car Prices Are Falling, Especially Among EVs

According to a recent report from CarGurus, an online marketplace for new and used cars, lower prices, combined with slowing sales and building ...

Why Did Used Car Prices Go Up So Much? - Matt Bruenig

This sudden onslaught of demand for used cars outpaced the supply of used cars, which resulted in the 60 percent price jump graphed above.

Used Vehicle Pricing Hits Bizarre Levels - Forbes

Used vehicle prices are at record levels due to high demand and lower supply. Used car lot at Honda dealership in Troy, [+][-] Michigan.

Evidence this May Be the End of the Historic Plunge of Used Vehicle ...

Prices of used cars were approaching former new car levels for a while, so they had room to drop. But we're squeezing the margins now. And ...

Why Used Car Wholesale Prices Going Up Is Bad For Dealers But ...

Prices for used cars shot up dramatically during the pandemic as new car supply was limited. You can read more about this effect in my ...

Sparse inventory drives prices for new, used cars higher - CNBC

Car prices and interest rates are higher, pushing up costs for drivers. Yet, pent-up demand has kept cars moving off lots, experts say, meaning ...

Used Car Price Trends for 2024 (Updated Weekly) - CarEdge

The graph above shows that used car inventory is rising as car buyers turn towards attractive new car deals. In fact, as you can see below, used car inventory ...

Why car prices are still so high — and likely won't fall anytime soon

Fewer new cars sent new prices up. That, in turn, pushed many shoppers into the used-car market. And more shoppers in the used market pushed ...

'The Market Is Insane': Cars Are Sold Even Before They Hit the Lot

The frenzy for new and used vehicles is being fed by two related forces: Automakers are struggling to increase production because of a shortage ...

Why used car prices went absolutely insane last month.

First, global automakers have been struggling with production thanks to a worldwide shortage of semiconductors, which has forced them to idle ...

Used car market in chaos as prices soar - The Washington Post

The unraveling of the used car market is the most tangible result of a problem that has plagued the global economy for the last year: a dire ...

The GREAT RESET Of 2024 Just STARTED! CAR MARKET ...

I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices ...

Here's why car prices are so high, and why that matters - CNN

“Used car prices typically rise about 1% annually,” he said. “It's definitely contributing far more to inflation right now.” The rising price of ...

Used car prices spike as demand 'grossly eclipses available supply ...

One of the major drivers in the core CPI jump reported by the Bureau of Labor Statistics was skyrocketing used vehicle prices according to ...

5 Crazy Reasons Why Used Cars Are Getting Cheaper

Over the years, used car prices had been on the rise, with some vehicles reaching historically high values. This overvaluation created an ...

Why used car prices are locked in high gear - CBC

But for many people looking to buy cars right now, a combination of pandemic-era supply chain issues, material shortages and shifting consumer ...

What is responsible for the insane increase in used car prices over ...

There are two separate things going on. The first is that the market is reassessing the longevity of cars. Vehicles are lasting much longer on the road, ...

Used-Car Wholesale Prices Have Given Up 53% of their Crazy ...

And dealers held their noses and cringed and bid up prices at auctions, knowing that they could still make huge amounts of money at those prices ...