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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. ... meaning cheaper loan payments on cars and more attractive ...
When Will the Used Car Market Bounce Back? The Jerry study found that the used car market will not return to pre-pandemic levels anytime soon. In 2019, there were 13.1 million used cars on the market.
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.
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 ...