Prices For Used Cars Are Down For Now, But Nearly-New Ones …

Apr 30, 2024 · 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 …

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Used Auto Prices Fall Again But Are Still Much Higher Than Before …

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Used auto prices fall again but are still much higher than before the pandemic ... used vehicle prices were down 11.7% for compact cars, fell 6.9% for luxury autos, and declined 6.5% for …

msn.com

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Used Car Prices Set To Rise Again, But These Models Already

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Apr 11, 2023 · Used-car prices that climbed by a whopping 45% from June 2020 to June 2021 fell by 8.8% over the 12-month period ending this past December, which seemed like good news …

forbes.com

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Report: Used Car Prices Are Down But Still Elevated - Autoblog

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Dec 14, 2022 · In late October, the average transaction price for a new car reached $48,000, and new models of all types are still selling for thousands more than before the pandemic. New car …

autoblog.com

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Used Car Prices Stabilize As Used EV Prices Continue To Fall

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2 days ago · The average price of 1- to 5-year-old used cars has shifted less than $750 since June, and over the past three months used car pricing has dropped less than 3% from a year …

yahoo.com

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Used Car Prices Fall Again In July, Down Nearly 20% From Pandemic …

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Aug 14, 2024 · Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. Prices for used cars and trucks are still 16.9% higher …

yahoo.com

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Used Car Prices Fall Again In April, Down Nearly 17% From …

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May 15, 2024 · Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. Prices for used cars and trucks are still 29% higher than …

yahoo.com

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Used Car Prices Slip From Dizzy Heights, Signaling Small Victory For ...

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Jul 21, 2021 · Used car prices had rocketed more than 40% since before the coronavirus pandemic began — to an average of nearly $25,000. Now, the seemingly endless streak of …

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Used Car Prices Are Dropping: What That Means For Car Buyers

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Feb 1, 2023 · But they’ve still got a way to go before buyers are in familiar territory — the average used-car price still rang in at 30.1% higher than a normal market price. ... prices for used cars …

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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, …

gmtoday.com

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Used-Car Prices Are Falling, Especially Among EVs

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Dec 3, 2024 · For example, if you have to borrow $15,000 for a used SUV that will be worth less than $10,000 in a year or two, you may end up “underwater,” or owing more than the car is …

consumerreports.org

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

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4 days ago · Used cars averaged $20,000 before the pandemic, shot to an all-time peak of $31,095 in 2022, and now come in around $28,000 across the U.S. But because the price of …

mercurynews.com

FAQs about Prices For Used Cars Are Down For Now, But Nearly-New Ones … Coupon?

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. ...

Are new car prices still high?

After four years of tumult, the car market is finally starting to resemble normalcy – at least in terms of seasonal price fluctuations and dealership lot inventory. Yet, as any car shopper knows, new car prices remain high. Over the past five years, new car prices have surged by 27%, and remain just shy of the record highs we saw in late 2022. ...

What happened to used car prices?

The nine month streak of good news snapped with the April CPI report, which showed used car prices rose by 4.4% month-over-month. So, what happened? CNN reported in February that auto wholesaler Mannheim registered a 4% jump in its average wholesale used car price in the middle of February, which was likely to trickle down to individual car buyers. ...

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 car prices rising?

According to the U.S. Bureau of Labor Statistics, its used car index, which tracks used car prices, has risen by well over 40% from December 2019 to October 2022, though overlapping with that time frame, they’ve began a steady fall since June 2022. ...

Are used-car prices still high?

Opinions expressed by Forbes Contributors are their own. I cover the pervasive, yet little-understood auto industry. 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. ...