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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 ...
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.
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 ...
The volatility in the used car market rolled on in 2022, but there might be some relief for car buyers coming this year. The Manheim Used Vehicle Value Index (MUVVI) for the month of December ...
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 ...
While inflation has cooled somewhat, used car prices have dropped 6.2% from the same period last year. Edmunds says this decline is partly due to an increased supply of new vehicles.