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

Dec 18, 2024 · Used car price trends are changing this month. Access the latest data on used car prices from industry analysts. ... Used truck and SUV prices were down last week, dropping by -0.57% in one week. Almost every SUV and truck segment had used prices falling over the …

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

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caredge.com

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Will Used Car Prices Go Up Or Down In 2025? | Rateworks

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Nov 26, 2024 · We all know that prices have been going up in recent years. Food prices alone have gone up 25% since 2019, and it has had quite the impact on pocket books.But what …

rateworks.com

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Why The Used Car Market Is So Bad, And Won’t Get Better Soon

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May 3, 2023 · That restricted another supply of used cars. Used Car Buyers Paying Much More For Less “Before the pandemic, the average price of a used car was $19,827, but it’s now …

kbb.com

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Predictions For 2025: New Car Prices Fall As Incentives Rise

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Nov 27, 2024 · In the current era, the average used car selling price been stuck around $25,500 to $26,500 for months. We track used car prices weekly, and we’ve noticed a worrisome trend: …

caredge.com

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Good And Bad News About Used Car Prices: Lower, But Not Much …

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Nov 27, 2023 · Car dealers paid 1.6% less for used cars at auction in the first 15 days of November. Wholesale prices were down 5.3% from a year ago. That comes even though …

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6 Reasons Car Prices Will Plummet This Fall - Yahoo Finance

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Sep 8, 2024 · Used car prices are also down 23% from their peak in 2022. In this article, ... High inventory means more than enough cars for prospective buyers to keep prices low.

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The Steep Plunge In Used Car Prices – What It Means, And What’s …

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Jan 16, 2023 · Tracking used car prices is enough to give anyone whiplash. ... While the prices of late model used cars are down only 5% off their peak according according to Edmunds, the …

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Used Car Prices Are Falling Again… For Now - The Drive

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Jun 11, 2023 · According to the Manheim Used Vehicle Value Index, May’s wholesale auction prices—which is what used car dealers pay for their inventory—were down 2.7% from April, …

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Used Car Prices Could Drop 14%: CarGurus Auto Predictions

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Apr 9, 2024 · Why used car prices are falling. Used vehicle prices are falling in part because high auto loan rates are scaring away potential buyers.. In a separate report on Friday, Jonathan …

money.com

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Affordability Crisis: ‘Alarming’ New Car Prices Push Buyers Toward …

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1 day ago · In the Bay Area last fall, the average used car sold for $30,868, and the average new car sold for $47,940. This year, used car sale prices fell slightly to $30,377 in the Bay Area, …

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Used Car Prices Stabilize As Used EV Prices Continue To Fall

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2 days ago · $30,000: The New Average for Used Car Pricing. Over the past 12 months the average price of a 1- to 5-year-old used car has settled in around $30,000. While stable used …

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'Alarming' New Car Prices Push Bay Area Buyers Toward Used Vehicles

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4 days ago · In the Bay Area last fall, the average used car sold for $30,868, and the average new car sold for $47,940. This year, used car sale prices fell slightly to $30,377 in the Bay Area, …

mercurynews.com

FAQs about Used Car Price Trends for 2024 (Updated Weekly) - CarEdge Coupon?

Are car prices going up?

We all know that prices have been going up in recent years. Food prices alone have gone up 25% since 2019, and it has had quite the impact on pocket books. But what about car prices? Unfortunately, they’ve been going up, too—the average price of a new car is 29% higher than it was in 2020. Even used cars are costing us more—to the tune of 34%. ...

Are used-car prices trending down?

Used-car prices currently are trending down from recent highs. But in terms of longer-term trends, used-car prices still are substantially higher than they were before the pandemic. In particular, there’s still an acute shortage of late-model used cars and trucks, reflecting lower new-vehicle production since 2019. ...

Will used car prices go down in 2 years?

Both Paris and Drury argued average used car prices will bottom at around $25,000 in two years. That’s roughly $5,000 above 2019’s average. “In two years, [used car] prices might be down to the mid-20s, on average,” Drury said. “But I think we have so many people on the sidelines, that values are going to stay up. ...

Are used car prices falling further?

In the current era, the average used car selling price been stuck around $25,500 to $26,500 for months. We track used car prices weekly, and we’ve noticed a worrisome trend: used car prices are not falling further. The used car market is much more difficult to forecast for 2025, with multiple factors converging all at once. ...

Will cheap cars ever appear on the used market?

The inexpensive cars they aren’t building today will never appear on the used market. While the pandemic has faded, we have not seen a rush of manufacturers designing affordable new cars. The cycle has changed. Fewer used cars are entering the cycle, and the new cars that will be used cars in a few years carry higher prices. ...

Are used car prices coming to an end?

On Thursday, the consumer price index (CPI) showed that used car and truck prices fell 1.1% in September, the third straight month of declines. And while prices were still up over 7% from a year ago last month, experts told Fortune that used cars’ wild ride is coming to an end. ...