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

Dec 18, 2024 · New car incentives are pulling buyers away from the used car market as phenomenal year-end sales get underway. With the continuing volatility of used car prices, it’s never been more important to track the value of your car. ... recent used car price trends mirror …

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Used Car Prices Continue To Drop As Demand For Cars Shoots Up

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Nov 14, 2024 · The shift in supply and stronger-than-expected demand in the second half have brought down the average used vehicle list price to $28,200, 5% lower than a year ago, when …

freep.com

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Used Car Price Trends For November 2024 - CARFAX

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Oct 31, 2024 · Used Car Price Trends. Here’s how the Carfax Used Car Index segments are faring month-over-month: The average price of used SUVs on Carfax.com has risen by $98 …

carfax.com

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

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Aug 14, 2024 · Vehicle prices continued a downward trend in July, with the new and used car markets both slipping. ... now down 19.4%. Used car prices rose more than 40% annually in …

yahoo.com

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

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Oct 21, 2024 · "The automotive market is undergoing an adjustment as new-car prices declined, with a 1.5% year-over-year drop in September driven by significant inventory surpluses, …

cars.com

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

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Oct 21, 2024 · Meanwhile, the used-car market continues to hold steady since early 2024, but average prices are down 5% year over year, dropping to $28,882, ultimately offering more …

yahoo.com

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Used-Vehicle Inventory Flat To Start December, Days’ Supply …

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Dec 20, 2024 · The average used-vehicle listing price was $25,565, up slightly from the revised $25,493 at the start of November and now down 3% from a year earlier. Retail used-vehicle …

coxautoinc.com

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Used Vehicle Inventory Remains Flat As Sales And Prices Rise

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4 days ago · As for the average used-vehicle listing price of $25,565, it was up slightly from $25,493 at the start of November, but is also down three percent from a year ago – reflecting a …

fordauthority.com

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2025 Trends: Car Prices Remain Stubbornly High In New Year And ...

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Dec 17, 2024 · 2025 Brings Challenges for Used Car Shoppers, Forcing a Potential Shift Towards New Cars The average new-vehicle price has leveled off at $49,000, slightly below its June …

yahoo.com

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

Should dealerships consider used car market trends in 2024?

Dealers always need to consider used car market trends when making inventory decisions for their dealerships. In light of the 2024 used car market trends, they may be able to find great vehicles at more affordable prices than last year or the year before. ...

Are used cars going down?

However, different types of vehicles experience price changes at different rates. On average, used cars are down 0.25% from the previous week and 0.34% compared to the average from 2017 to 2019. Trucks and SUVs are also experiencing modest price decreases, dropping 0.16% from the week before and 3% over the last month. ...

Why do we track the prices of used cars yearly?

We track the prices of millions of used cars yearly. Why? So you can stay up-to-date with market trends if you want to sell, buy, or research a specific vehicle. Check out the vehicles significantly impacting the market because of recent price changes. ...

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. ...

What trends will drive the car market in 2025?

Americans spent enough on cars to push retail sales above expectations for November. Here’s a look at four trends expected to drive the car market in 2025. Prices are leveling off for new cars. The number of new vehicles available in the U.S. has been growing for nearly three years, easing price growth, according to Cox. ...