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But recent data shows downward pressure on new car prices, too, which now top $45,000 on average. Cox Automotive’s Kelly Blue Book (KBB) reports that for the 11th straight month, the average ...
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.
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 ...
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 ...
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 ...
See: Used Car Prices Could Exceed 30K This Year Find: Used Car Prices Exceed $28K For the First Time Ever. But used car prices are still up 32.4% year over year. Vehicle prices have had a ...