Why the Used Car Market Is So Bad, and Won’t Get …

Finkelmeyer is senior director of new car solutions at Cox Automotive, the parent company of Kelley Blue Book. His position gives him deep insight into the mechanics of the cycle, and he offers a new anal… See more

$25571
OFF

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

2 days from now

Dec 18, 2024 · In December, used car prices are falling slowly following months of ups and downs. In 2024, the average used car listing price sits at $25,571. New car incentives are …

caredge.com

8%
OFF

Used Car Market Trends: Insights Into The 2024 - AutoDNA Blog

2 days from now

Mar 21, 2024 · The used car market has continued to decrease since its historic highs in early 2022, dropping 8% from last year's average transaction price of $30,756. Prices have …

autodna.com

0%
OFF

Used Car Price Trends - CarGurus Pricing Index

2 days from now

Shop Now. Dodge-3.0% #2 Price decrease over past 30 days. Shop Now. Toyota-2.4% ... Our pricing index has shown that the average used car price has steadily decreased in the past 12 …

cargurus.com

12%
OFF

New Signs Used Car Prices Are Stabilizing - Carsforsale.com

2 days from now

Jul 20, 2022 · The national average sale price for used cars in June was at $28,012. That’s up 12% year-over-year but down from May, and the longer trend looking back over the first six …

carsforsale.com

$28882
OFF

Surplus Inventory Slightly Drives Down New-Car Prices As Used …

2 days from now

Oct 21, 2024 · The used-car market, in contrast, remained stable in September, with the average price standing at $28,882, which is nearly unchanged since the beginning of 2024 but down …

cars.com

$20000
OFF

Predictions For 2025: New Car Prices Fall As Incentives Rise

2 days from now

Nov 27, 2024 · In 2019, the average used car selling price reached $20,000 for the first time. In the current era, the average used car selling price been stuck around $25,500 to $26,500 for …

caredge.com

$30000
OFF

Four Market Trends To Track If You’re Thinking About Buying A Car …

2 days from now

Dec 17, 2024 · Consumers looking for lower-priced vehicles will see more options in the under-$30,000 range, Cars.com said. Used car prices are unlikely to fall because dealers will have a …

investopedia.com

$20000
OFF

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

2 days from now

Oct 22, 2024 · A few of these cars are now in the sub-$20,000 price range. Tesla Model 3 crash71100 – Tesla Model 3 / Flickr. Tesla’s electric car made headlines for its affordability …

bluecollarbrain.com

FAQs about Why the Used Car Market Is So Bad, and Won’t Get … Coupon?

How are new car prices affecting the used car market?

Waves that rock the new car market ripple through the used car market years later. Americans have spent most of the past two years dealing with record-high new car prices. The average price paid for a new car recently fell below sticker price for the first time in nearly two years. ...

Are used car prices falling?

In December, used car prices are falling slowly following months of ups and downs. In 2024, the average used car listing price sits at $25,571. New car incentives are pulling buyers away from the used car market as phenomenal year-end sales get underway. ...

Are used vehicle prices down?

Certain segments of the used vehicle market have seen steeper price declines in the past year. According to CoPilot, average prices for used SUVs, trucks and electric vehicles are down more than the rest of the used market: The average price of a 4- to 7-year-old SUV is $31,904, down 21% in a year. ...

How has the used-car market changed over the years?

The used-car market has faced unprecedented upheaval in recent years. From 2014 to 2024, prices increased by an average of 3 percent per year. The beginning of the COVID-19 crisis, followed by the supply shock, sent used-car prices soaring, rising by about 50 percent between second quarter 2020 and third quarter 2022. ...

How many used cars are not reaching the used car market?

That’s 8.1 million cars not reaching the used car market today. Cox Automotive reports that used vehicle inventories are near the lowest level seen in over a decade. Leases are a big part of the car market cycle. Lessees have historically returned most leased cars after about three years. ...

Will used car prices fall in 2025?

Shoppers seeking out a lower price point should have options in 2025. The number of new vehicles available for less than $30,000 in November grew 42% from a year earlier, Cars.com said. Used-car prices are unlikely to fall amid tight supply. Dealers are unlikely to cut prices for used cars now that they are harder to come by, Cox said. ...