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Used EVs had a 33.7% price drop from $52,821 to $34,994, while hybrid prices fell 9.6% from $34,850 to $31,511. Karl Brauer, the website’s executive analyst, attributed the EV and hybrid price ...
Prices for used cars and trucks are still 16.9% higher than in July 2019. In July, headline CPI rose 0.2% over the previous month and 2.9% over the prior year, ... The Today Show.
If you're in the market for a used vehicle right now, there's some good news. Using data from the Mannheim Used Vehicle Value Index, Cox Automotive recently reported that the seasonally unadjusted...
Compared to their peak in February 2022, prices paid for used vehicles are now down 20.2%. Used car prices rose more than 40% annually in both June and July 2021, and again in January and February ...
For those attentively following the frustrating and overpriced used car market over the past two years, something had to give. According to Manheim, wholesale used car prices saw a "large decline ...
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.
A few months ago, the chances of buying a used car were slim unless you were prepared to pay grossly inflated prices. Ongoing supply chain disruptions that arose during the pandemic were ...
When Will the Used Car Market Bounce Back? The Jerry study found that the used car market will not return to pre-pandemic levels anytime soon. In 2019, there were 13.1 million used cars on the market.