https://www.carfax.com/blog/used-car-prices
The lack of new cars in 2021 - and the drop in car leasing then - mean it'll be harder to find high-quality 3-year-old cars come the fall. That lack of supply will help drive used-car prices back up. Demand for used cars has been lower during the first portion of 2024, but that lull can't last forever.

https://money.com/used-car-prices-fall-best-deals/
Used car prices are finally falling in the summer of 2024. Here's how to get a good deal even as auto loan rates remain high. Average used vehicle prices have dropped by more than 9% over the past year. ... The latest government inflation data shows that used car prices have increased about 30% since 2019.

https://finance.yahoo.com/news/used-car-prices-fall-again-in-april-down-nearly-17-from-pandemic-highs-162758735.html
New car prices fell 0.4% in April and 0.4% from the prior year. Compared to their peak in February 2022, prices paid for used vehicles are now down 16.8%. Used car prices rose more than 40%

https://www.edmunds.com/car-buying/when-will-car-prices-drop.html
Used car pricing has dropped slightly over the past year, when the average transaction price was about $30,756, compared to $29,198 in July of 2023. As prices increased for new cars, many car

https://www.consumerreports.org/cars/buying-a-car/when-to-buy-a-used-car-a6584238157/
Used-car prices have dropped 10 percent on average over the last year, but pricing on older cars has seen a sharper decline. Ryan says that prices on 4- to 7-year-old used cars are down 19 percent

https://www.forbes.com/sites/jonathanponciano/2023/01/09/used-car-prices-post-biggest-drop-on-record-and-have-much-further-to-fall/
SUVs were among vehicles posting the biggest annual price declines, falling 16.6%, while midsize cars fell 15.8% and luxury cars fell 15.2%. The release, which dates back to the late 1990s, marks

https://www.cnbc.com/2024/03/21/new-used-car-prices-are-cooling-heres-what-auto-shoppers-can-expect.html
Used car shortage 'puts a floor' on depreciation. The average transaction price for used cars in the fourth quarter of 2023 dipped to $28,371, a 4.4% decline from $29,690 a year prior

https://www.cnn.com/2023/01/16/business/used-car-prices/index.html
Data from Edmunds shows the average price of a used car purchase in December at $29,533, down nearly $1,600 from the record high of $31,095 reached in April 2022. Today's average used car price

https://www.axios.com/2022/11/08/used-car-prices-dropping
Sky-high used car prices are losing altitude fast. Why it matters: The remarkable climb in used vehicle prices was an early and ultra-visible driver of COVID-era inflation. State of play: The Manheim Used Vehicle Value Index, a gauge of wholesale market prices for used vehicles, dropped for the fifth-straight month. Prices are down more than 15% since they peaked in January at an average of

https://www.kbb.com/car-news/used-car-prices-to-fall-as-wholesale-prices-decline/
The wholesale prices car dealers pay for the used cars they later sell declined last month - a sign that price drops for you are ahead. ... Used Car Prices to Fall as Wholesale Prices Decline. By

https://cars.usnews.com/cars-trucks/advice/when-will-used-car-prices-go-down
According to the U.S. Bureau of Labor Statistics, its used car index, which tracks used car prices, has risen by well over 40% from December 2019 to October 2022, though overlapping with that time frame, they've began a steady fall since June 2022. The free-market used car arena is built on the foundation that sellers can sell cars for the

https://www.cars.com/articles/used-car-prices-are-finally-dropping-heres-what-to-expect-in-2023-460678/
As new-car production improves, demand for used cars will ease up and prices will continue to fall in the new year. The firm estimates that used-car prices will drop 10%-20% in 2023; new cars, on

https://www.cargurus.com/research/price-trends
Explore used car pricing trends Prices dropped over the last 30 days-0.44%. We track the prices of millions of used cars yearly. Why? So you can stay up-to-date with market trends if you want to sell, buy, or research a specific vehicle.

https://caredge.com/guides/used-car-price-trends-january-2023
Used car prices are falling, but let's not forget where we're at, and where we've been. Black Books' 2022 Year in Review puts used car prices into perspective remarkably. "The average wholesale price of a 4-year-old vehicle at the beginning of the pandemic in January of 2020 was about $13.5k. At the end of December 2022, the average

https://money.com/used-car-prices-decline-prediction/
Why used car prices are falling. Used vehicle prices are falling in part because high auto loan rates are scaring away potential buyers.. In a separate report on Friday, Jonathan Smoke, chief economist at Cox Automotive, said that "demand is tepid at best, as shoppers just don't have any urgency to buy in the current economic environment.". The average auto loan interest rate for used

https://caredge.com/guides/used-car-prices-june-2024
It would take months of similar week-over-week declines to return the market to pre-2021 norms. In 2019, the average used car selling price was $20,618. Today, in 2024, the average used car price is $25,328. However, that's down from 2022's peak north of $30,000 for a used car. And then there are today's used car loan rates.

https://www.autoblog.com/2023/01/18/used-car-prices-falling/
Used car prices have started to fall after experiencing a meteoric rise in the wake of the pandemic, according to a recent study. The price of the average used car fell by 2% in November 2022 and

https://www.kbb.com/car-news/wholesale-used-car-prices-falling-retail-to-follow/
Wholesale Used Car Prices Falling; Retail To Follow. By. Sean Tucker 06/19/2024 11:07am. There's good news across the board for car shoppers, except in the areas dealers can do little about.

https://caredge.com/guides/used-car-price-trends-for-2024
In 2024, the average used car listing price sits at $25,571. With used car prices remaining volatile, it's never been more important to track the value of your car. So far in 2024, we've seen 16 weeks of dropping prices, and 8 weeks of rising prices. However, some used car segments are still falling faster than others.

https://finance.yahoo.com/news/used-car-prices-come-down-130037363.html
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.

https://markets.businessinsider.com/news/stocks/used-car-prices-inflation-drop-fed-target-manheim-index-fundstrat-2023-6?op=1
The Manheim used car price index fell 3.2% in the first two weeks of June and is down 9.4% year over year. ... That's because while market-based prices for used cars are falling, the used car

https://www.thecarexpert.co.uk/falling-used-car-values-are-good-news-for-consumers/
Used car values are likely to keep falling all year, with EV prices falling faster than petrol cars, particularly in the second half of the year. Over the last six months, we've seen used car values starting to fall noticeably after being unusually high for almost four years - ever since Covid-19 entered our lives.

https://www.cnn.com/2024/06/04/business/ev-sales-used-car-tesla/index.html
A surge in the number of used EVs available has also enabled an economically paradoxical situation: even as demand for used EVs is rising, prices are still falling. According to Cars.com, even as

https://news.wgcu.org/2021-06-17/used-cars-in-short-supply-and-pricey
In addition to a lack of inventory, Balch has seen car prices going up everywhere. "As far as the industry is concerned right now, the prices are extremely inflated. So if we were able to buy a

https://fortune.com/2024/06/20/used-ev-prices-fall-gas-cars/
Gas car prices in that time frame have been largely stable, hovering in the $30,000-$32,000 range. Used EVs, by comparison, have dropped from an average of $40,916 in June 2023 to $28,767 last month.

https://www.reuters.com/business/autos-transportation/used-car-retailer-carmaxs-first-quarter-profit-falls-2024-06-21/
For the reported quarter, overall revenue came in at $7.11 billion, falling short of analysts' estimates of $7.21 billion. Used vehicle revenue fell 5.4% to $5.68 billion.

https://www.msn.com/en-us/autos/news/used-ev-prices-falling-much-faster-than-gas-models/ar-BB1onEXW
Used EV prices had a decent moment at the end of 2023, but they fell off the cliff earlier this year before continuing their decline. Used gas car prices rebounded a bit during that time.

https://www.cnbc.com/2024/06/06/ev-sales-slump-hertz-dump-take-used-tesla-to-no-haggle-25000-price.html
As Hertz unloads its Teslas in a strategic about-face and used EV prices tank, a $25,000 Tesla is now reality.

https://www.autotrader.com/cars-for-sale/naples-fl
Test drive Used Cars at home in Naples, FL. Search from 7744 Used cars for sale, including a 2020 Audi Q7 3.0T Premium Plus, a 2020 Lexus RX 350 FWD w/ Premium Package, and a 2020 Nissan Pathfinder SL ranging in price from $500 to $3,850,000.

https://www.nytimes.com/2024/06/03/business/electric-cars-becoming-affordable.html
More efficient manufacturing, falling battery costs and intense competition are lowering sticker prices for battery-powered models to within striking distance of gasoline cars. By Jack Ewing Alex