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Used car prices are influenced by a range of factors, from the vehicle's make and model to the state of the economy. Presidential policies can have an impact as well, though it's often an indirect
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 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 Cars in 2024: What to Know Before Buying Marc Urbano - Car and Driver Like the rest of the automotive industry, the used-car market has seen its fair share of turmoil over the past few years.
If you've considered buying a used car or truck in the past few years, you've likely faced sticker shock. Beginning during the pandemic, and stemming from new car supply chain disruptions, the ...
Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. Prices for used cars and trucks are still 16.1% higher than in July 2019.