Used car supply is still stuck at low levels - MarketWatch

America’s car dealers started the month of October with about 2.26 million unsold cars on lots — 8% fewer than a year ago. At current sales rates, 2.26 million is about a 47-day supply of used ...

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Used Car Supply Is Still Stuck At Low Levels - MarketWatch

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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 supply of used cars is still slightly low. Photo: Getty Images The average used car in America sold for $25,499 in October, up $138 from September’s average.

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Used Cars Are A Lot Cheaper Now - And This Is The Big Reason Why

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Aug 14, 2024 · Going back to the connection with the new-car market, the average discount for new vehicles climbed to $1,687 in the second quarter, compared with just $611 in the year …

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How Long Will The Off-lease Shortfall Squeeze Used Car Supply?

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Sep 30, 2024 · The good news: While the used car market grapples with tight supply, new car inventory is bouncing back. New vehicle inventories are up 40% from a year ago—the highest …

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‘Those Vehicles Are Not Coming Back’: Used Car Market Expecting …

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Oct 24, 2024 · A used car was averaged at $35,754 last month compared with about $18,900 in December 2019, Autotrader.ca data shows. There were fewer new cars for sale during the …

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Used Car Market Undergoing Transition From Volatility To Stability ...

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Nov 13, 2023 · Improved inventory in the new-car market has resulted in downward pressure in the used market, leaving the average price for 3-year-old and newer used vehicles $13,686 …

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More Evidence This May Be The End Of The Historic Plunge Of Used ...

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Oct 7, 2024 · Used EV prices had spiked by an insane 145% from January 2020 through July 2022 when Tesla-flipping was a thing. Tesla has largely killed Tesla-flipping by ramping up …

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Used Car Supply Is Still Stuck At Low Levels | Explaining Finance

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Oct 16, 2023 · As with new cars, and as has been the case for months, the lower the price segment, the tighter the inventory. Used vehicles priced under $10,000 had a days’ supply of …

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Ground News - Used Car Supply Is Still Stuck At Low Levels

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Oct 16, 2023 · That thin supply of used vehicles means higher prices down the road. October opened with 8% fewer used cars than the same time last year. That thin supply of used …

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FAQs about Used car supply is still stuck at low levels - MarketWatch Coupon?

Is the used car market facing a supply crunch?

This report by The Canadian Press was first published Oct. 24, 2024. Already low on inventory, the used car market is facing an additional supply crunch as fewer off-lease vehicles return to dealership lots — and that’s contributing to higher prices. ...

Did used car prices fall in August?

Although used car prices fell slightly in August, analysts think that dip could be short-lived. America’s car dealers started the month of October with about 2.26 million unsold cars on lots — 8% fewer than a year ago. At current sales rates, 2.26 million is about a 47-day supply of used cars. ...

Are used car prices improving?

Pickups are selling for about 4.2% less at auction than they were a year ago, SUVs for 4.8% less. Compact cars, however, are down 10.7%, and midsize cars about 8%. With wholesale prices down 5.3% from a year ago, used car prices are improving—despite the fact that supply is low. ...

Are America's car dealers still undersupplied?

America’s car dealers have been on a roller coaster ride since early in the COVID-19 pandemic. For a while, they had too few cars and sold most vehicles at or above their list price. Then, many overcorrected and had so many that they needed to mark cars down to move them. As 2024 ends, a few are still undersupplied. ...

When do used car prices go up?

The wholesale prices dealers pay at auction for the used cars they later sell began to rise in late August after months of declines. Wholesale price trends usually become retail price trends after about six to eight weeks. Kelley Blue Book analysts expect used car prices to remain generally high for several years. ...

Is the used car market improving?

The used car market is improving, and it’s doing it defiantly. Some signals indicate that prices should be rising. But they aren’t. Car dealers paid 1.6% less for used cars at auction in the first 15 days of November. Wholesale prices were down 5.3% from a year ago. That comes even though dealers have fewer used cars to sell than they’d like. ...