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A recent study from iSeeCars found that the average used car price declined 5.1% from $32,627 in October 2022 to $30,972 in October 2023. Used EVs had a 33.7% price drop from $52,821 to $34,994 ...
June is the worst month to buy a used car, with 30.4% fewer deals than average. May (-27.8%) and July (-22.5%) are also tough months for bargain hunters. And bad news for fathers hoping for some ...
This price decrease, however, is leading to quicker sales of used EVs. 12 months ago, a pre-owned electric vehicle was on the market for an average of 55.3 days. That figure has now dropped to ...
Before the pandemic, the average price of a used auto was $19,827 compared to $26,686 in May 2023 — a 35% difference, according to Cox Automotive. Analysts had been expecting auto prices to show ...
The Manheim Used Vehicle Value Index (MUVVI) for the month of December posted a 0.8% increase in wholesale auto prices month over month, however it dropped a whopping 14.9% year over year, the ...
The gap between the average price of a new vehicle compared to a used car topped $20,000 for the first time last quarter, according to data from auto shopping guide Edmunds.