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The used car market saw even more moderation, with prices down 0.5% for June, and dropping 5.2% year over year. Both of those figures for the used car market fell considerably compared to the ...
New data shows used car prices which surged during the pandemic, are now stubbornly remaining there despite recent weakness in the market. ... February 2020 saw the index at 156.6.
Car prices, in particular for used vehicles, seem to be coming down faster compared to inflation in the broader economy, which saw overall CPI rise 3.2% in July year over year. That was below ...
Edmunds says the share of used vehicles sold for under $20,000 was only 30.6% in Q1, compared to 60.5% in the same period five years ago. Edmunds cites factors like low lease volume in general ...
In December 2022, the average new car sold for a record-high $49,507. For some perspective, note that in July 2021, the average new vehicle cost $43,355, according to Cox Automotive. In July 2020 ...
The average used car buyer paid $27,147 in June year-over-year, according to Kelley Blue Book (KBB), and as Manheim noted, used car prices were down 6% in June while wholesale used-vehicle prices ...