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Used car prices are influenced by a range of factors, from the vehicle's make and model to the state of the economy. ... The best under-$50 clothing items to buy at Amazon right now. See all deals ...
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.
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.
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 ...
According to a report by iSeeCars, which analyzed more than 1.8 million one-to-5-year-old used car sales in February 2022 and 2023, prices on used vehicles are 8.7% lower than a year ago.
With new-car prices low and incentives high, it wasn't always logical to make lease payments for three years, then turn around and finance the remaining residual value of a leased vehicle ...