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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.
Prices for used cars and trucks are still 29% higher than in April 2019. In April, headline CPI rose 0.3% over the previous month and 3.4% over the prior year, a deceleration from March's 0.4% ...
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. New car prices were unchanged in July, but down 1.2% from the prior ...
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 ...
It seems prices for used electric vehicles, however, are falling even faster. According to auto research firm iSeeCars.com, used EV prices are collapsing more than those in the overall used car ...
Used vehicle prices have fallen 0.6% from September to October (to $26,533) and 3% year-over-year. Even with prices falling, car owners are having a tough time coping with a U.S. economy that has ...