Used Car Prices Starting to Rise Again - Kelley Blue Book

“The supply of used vehicles at dealerships is at its lowest point in our data, which goes back to 2019,” said Cox Automotive Senior Economist Charlie Chesbrough. “Finding the right product at the right price is more challenging for buyers today.” Car dealers have an increasing supply of new cars but a shrinking … See more

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Used Cars Prices Went Up Again; Here’s Where They Could Be Headed

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Nov 25, 2024 · The average used car in America sold for $25,499 in October, up $138 from September’s average. The slight adjustment mirrored a tiny rise in new car prices, according …

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Dealers Paying More For Used Cars; Prices Likely To Rise Again

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Dec 21, 2021 · So, the rising index likely means used car prices will continue to rise in the coming weeks. The price of the average used car has increased by 27% in the last calendar year. It …

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Why Used-Vehicle Prices May Put Upward Pressure On CPI, After …

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5 days ago · Kelly Blue Book national average retail is $21,800 for a 2018 Model 3. By comparison, the KBB average for a 2018 BMW 3-series, which competes directly with the …

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Used Car Prices Crept Up Again, But There’s Some Good News

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The average used car in America sold for $28,219 in July — an increase after several months of declines. But analysts don’t think the rise is a sign that soaring prices will return.

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FAQs about Used Car Prices Starting to Rise Again - Kelley Blue Book Coupon?

Are used car prices going up or down?

That's according to Kelley Blue Book, a vehicle research company, which released a report Wednesday detailing the rise in used car prices. But as used-car prices trend up, new cars continue to trend down in price. In March, the average new car sold for less than its advertised price. ...

How much did a used car cost in March 2023?

The increase was small but notable because it comes after several months of decreases. The average used car on sales lots carried a list price of $26,213 in March – up $145 from February’s price — according to data from Kelley Blue Book parent Cox Automotive. New car prices have been falling for most of 2023. ...

How much did a used car cost in March?

Click your state to get a free quote today. In March, the average car price rose $145 from February, bringing the average sticker price of a used car to $26,213. That's according to Kelley Blue Book, a vehicle research company, which released a report Wednesday detailing the rise in used car prices. ...

Are non-luxury car prices stabilizing?

According to Kelley Blue Book, the average transaction price (ATP) for non-luxury vehicles in July was $44,700, which is $471 less than in June. This represents a 0.5% increase year over year. ...

Will 2024 be a good year for auto sales?

Last December, the Kelley Blue Book ATP estimate was $49,023, the highest ATP of 2023. "The end of the year typically sees an increase in transaction prices, as luxury sales pick up as the year winds down," added Keating. "If sales volumes in November are any indication, we think 2024 will end on a positive note for the auto business. ...

Why did new car prices go up in Q3 2021?

“In Q3 2021, new-car production fell to about a 12-million-unit annual rate,” KPMG notes, when 17 million might have been expected if not for the collision of several crises. That pushed new car prices up – the average new car sold for more than $46,000 in November, a 13% increase in just one year. ...