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June is the worst month to buy a used car, with 30.4% fewer deals than average. May (-27.8%) and July (-22.5%) are also tough months for bargain hunters. And bad news for fathers hoping for some ...
By early last year, the average used-vehicle price was more than 50% above its pre-pandemic point. Worsening the shortfall was a scarcity of affordable new vehicles.
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.
Its average used price changed from $28,625 in October 2022 to $20,398 in October 2023, which was a 28.7% decrease. ... In October 2023, this used luxury vehicle had an average price of $30,757 ...
Prices for used cars and trucks are still 16.9% higher than in July 2019. ... in particular, is only expecting modest drops in average transaction price. There is good news for used car dealers: ...
Established in 1898, the Empire State Motor Wagon Company in Catskill, New York was one of the first American used car lots. [3]The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market (US$206 billion in estimated annual sales) and the home improvement market (US$291 billion in estimated annual sales).
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