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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. New car prices fell 0.2% in July and 1.4% from the prior year.
Used car prices fell 1.4% over the prior month in April and 6.9% from the prior year, data from the BLS showed on Wednesday. New car prices fell 0.4% in April and 0.4% from the prior year.
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 ...
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 ...
Used car prices are also down 23% from their peak in 2022. In this article, we will explore some of the major reasons why car prices will plummet this fall . ©Shutterstock.com