Good and bad news about used car prices: lower, but not much …

Nov 27, 2023 · Automakers built fewer cars during the COVID-19 pandemic, which will keep used car supply lower for years to come. But lower wholesale prices mean we expect to see retail …

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Used Car Prices Have Stabilized, Except For EVs ... - ConsumerAffairs

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Dec 12, 2024 · The used car market has shown signs of stabilization over the past year, with the average price of one- to five-year-old used cars settling around $29,934, a modest decrease of …

consumeraffairs.com

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You May Not Have As Much Sticker Shock Seeing Used Car Prices As …

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According to national news reports, those rates hit 15-year highs at the end of last year and have come down a bit this year but were still close to 12% on used cars just a few months ago. …

msn.com

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Used Car Prices Cooled For Now, But Don't Look For Bargains This Year

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May 26, 2023 · Used car inventory is still squeezed. The average transaction price for a used vehicle in the first quarter slid by 6.4% to $28,381 compared with $30,329 in the year-ago …

freep.com

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Used Car Prices Have Dropped From All-time Highs. But Is Now The …

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May 26, 2023 · You want a used car that is priced around $20,000? Experts say prepare to buy something really old with high mileage on it.

yahoo.com

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Used Cars Are Finally Getting Cheaper — And Even Lower Prices …

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Jan 12, 2023 · High auto loan interest rates, which reached an average of 10% for used vehicles at the end of 2022, have been zapping buyer demand for cars.. And, yes, used car prices are …

nasdaq.com

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Used Cars Are No Longer Such A Bad Deal - The Globe And Mail

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Aug 8, 2024 · Autotrader found that the average price of used cars on its site dropped to $36,342 in June, an 8-per-cent year-over-year decrease. At the same time, new-car prices rose by 0.8 …

theglobeandmail.com

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Used Car Prices Are Trending Down - Marketplace

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Dec 13, 2022 · Used car prices have come down some, according to the latest Consumer Price Index. They dropped a little bit last month, for the fifth month in a row, and are now 3.3% lower …

marketplace.org

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Good News: Car Prices Are Falling. Bad News: It’s A Terrible ... - MSN

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The average cost of a new car is $49,447 this month, and $31,556 for a used car — up 29% and 34%, respectively, over March 2020, according to CoPilot, an AI-assisted car-shopping app.

msn.com

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At Last, Some Good News About Used Car Prices - MarketWatch

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Used car prices are currently near historic highs, but a significant decrease in the cost of the average used car could be coming soon. Americans paid more than $27,000 for the average …

marketwatch.com

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23 Used Cars With The Biggest Price Decreases - Bluecollarbrain.com

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Oct 22, 2024 · Honda’s popular sedan showed a price jump of 42.9% from 2019 to 2023, followed by a 6.6% drop in 2024. It’s still a good buy if you’re after a dependable used car with lower …

bluecollarbrain.com

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

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2 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

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Used-car Prices In The US Are Dropping Again : R/cars - Reddit

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Yes. We’re seeing the same thing in the housing market: the most accessible price point is the most competitive. Plus when it comes to cars if you can afford a $25k used car you have new …

reddit.com

FAQs about Good and bad news about used car prices: lower, but not much … Coupon?

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. ...

Are used cars still expensive?

Used car prices have come down some, according to the latest Consumer Price Index. They dropped a little bit last month, for the fifth month in a row, and are now 3.3% lower than they were a year ago. But let’s get one thing straight right off the bat: Used cars are still a lot more expensive than they were a couple of years ago. ...

Will new and used car prices go down?

When new car prices steadily improve, that relieves some pressure on the used car market. That seems to be helping new and used car prices trend slowly downward even while supply is thinner than ideal. We don't want to mislead anyone. Used car prices remain historically high and probably will for several years. ...

What's happening with used car prices?

Sign up for the daily Marketplace newsletter to make sense of the most important business and economic news. Used car prices have come down some, according to the latest Consumer Price Index. They dropped a little bit last month, for the fifth month in a row, and are now 3.3% lower than they were a year ago. ...

Are used cars getting cheaper?

The average list price for a used car dropped by about $700. Used Cars Are Finally Getting Cheaper — and Even Lower Prices Are Coming Soon | Nasdaq Skip to main content Market Activity Market Activity-> Stocks Options Funds + ETFs Indexes Commodities Cryptocurrency Currencies Futures Fixed Income Global Markets ...

Are car dealers paying less for used cars at auction?

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 dealers have fewer used cars to sell than they'd like. Wholesale price drops usually become retail price drops after about six to eight weeks. And retail prices are already dropping. ...