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The used car market saw even more moderation, with prices down 1.2% for the month of August, and dropping 6.6% year over year. The year-over-year used car figure is notable, as it dropped a full ...
Used car prices fell 2.3% over the prior month in July and 10.9% from the prior year, data from the BLS revealed on Wednesday. New car prices fell 0.2% in July and 1.4% from the prior year.
Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. Prices for used cars and trucks are still 16.1% higher than in July 2019.
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 ...
The used car market saw even more moderation, with prices down 0.5% for June, and dropping 5.2% year over year. Both of those figures for the used car market fell considerably compared to the ...
Although used car prices are still stubbornly high and inventories historically low, things have improved so far in 2023. "The last several months have followed very closely to 2019's levels, the ...