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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. ... But despite falling prices and rising inventories, automakers ...
Prices for used cars and trucks are still 29% higher than in April 2019. In April, headline CPI rose 0.3% over the previous month and 3.4% over the prior year, a deceleration from March's 0.4% ...
Used car prices fell 1.0% over the prior month in August and 10.4% from the prior year, data from the BLS revealed on Wednesday. ... A Fed rate cut would be welcome news for car buyers this fall ...
For instance, Jonathan Banks, J.D. Power vice president of product development and valuation services, told Automotive News in February that he expected used car prices to fall by 5.7% in 2024.
Used car prices tumbled 7.0% in 2023, the second year in a row of falling prices in the sector after a massive pandemic-era run-up. The Manheim Used Vehicle Value Index (MUVVI), which tracks used ...
Before the pandemic, the average price of a used auto was $19,827 compared to $26,686 in May 2023 — a 35% difference, according to Cox Automotive. Analysts had been expecting auto prices to show ...