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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.
Although used car prices are finally starting to decline, it could be years before the market returns to a pre-pandemic normal. A recent study conducted by the car insurance comparison site Jerry...
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 ...
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 ...
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 ...
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 ...
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.
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