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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...
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 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 ...
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 ...
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 ...
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 ...