Used car prices going up? It's tricky, but they've eased from highs.

The average transaction price for a used vehicle in the first quarter slid by 6.4% to $28,381 compared with $30,329 a year earlier, Edmunds data showed. But it is up 44% from the first quarter five years ago when a consumer could buy a used car on average for $19,657. Edmunds report showed that the share of … See more

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Used Car Prices Going Up? It's Tricky, But They've Eased From Highs.

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Used-car Prices Are Going Up: Here's A Look At Why - USA TODAY

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Mar 21, 2023 · Another tracker of wholesale used-car prices, Black Book, said prices rose 0.46% for the week ended March 11, the largest single-week increase since November 2021.

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Why Used Car Prices Are Going Up Again - Yahoo Finance

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Mar 9, 2023 · According to the highly-watched Manheim Used Vehicle Value Index (which tracks wholesale used-car prices at dealer auctions), used car prices jumped 3.7% in February …

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Why Affordabilty Crisis Grips Auto Market — And How It Might Ease

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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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Here’s Why Car Prices Are So High, And Why That Matters

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Jul 8, 2021 · According to Edmunds, a go-to resource for car information, the average used car price hit $26,500 in June, up 27% from a year ago, while the average new car transaction …

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Used Car Prices Stabilize As Used EV Prices Continue To Fall

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4 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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Used Car Prices Are Finally Cooling Off, But Buying One Is Still …

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Aug 11, 2021 · The average price for used cars and trucks ticked up just 0.2% in July, barely moving after June's 10.5% spike was responsible for a third of the overall rise in inflation.

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Cars Are Finally Getting More Affordable. Here’s Why. - MSN

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The average cost of a new car is roughly $47,000, up about $10,000, or 33%, from 2019. But interest rates are off highs and the average price is down almost $3,000 from the peak.

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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 …

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FAQs about Used car prices going up? It's tricky, but they've eased from highs. Coupon?

Are used car prices rising again?

The used-car market doesn't provide much relief either. Retail used-vehicle prices now average $26,510. And after falling last year, closely watched wholesale prices, a key indicator of where markets are headed, are actually rising again. Why are prices remaining stubbornly high? Here are a few reasons. ...

Why are used car prices so high?

Those vehicles will reflect the higher prices dealers have faced since February, Ryan said. In the last four weeks, CoPilot data show the average used-car price has risen by $700 and now tops $40,000. Delinquencies rise: On the heels of the pandemic, borrowers with low credit are falling behind on car loans ...

How much did used car prices rise in February?

Manheim, which auctions used cars to dealers, reported a 4.3% increase in vehicle prices in February, the largest increase for that month since 2009. Another tracker of wholesale used-car prices, Black Book, said prices rose 0.46% for the week ended March 11, the largest single-week increase since November 2021. ...

Why are used cars so expensive?

The reason for the high prices: The supply of used vehicles is being squeezed as the number of leases on new cars dropped to 559,000 vehicles in the quarter compared with 1 million leased vehicles in the first quarter of 2018. That means fewer drivers returned vehicles when leases expired to feed the used-car stockpile. ...

Why did used car prices drop in June?

The prices dealers pay for used cars at massive auctions across the country finally dipped in June after hitting record highs in each of the four previous months, according to the Manheim Used Vehicle Value Index. Those drops in wholesale prices bode well for those in the market for a used Jeep. ...

Are used cars going down?

Look at older models. Used-car prices have dropped 10 percent on average over the last year, but pricing on older cars has seen a sharper decline. Ryan says that prices on 4- to 7-year-old used cars are down 19 percent, and 8- to 13-year-old cars are down 18 percent. ...