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To avoid getting pancaked by used-car price hikes, shoppers wise to stop waffling on purchase

Auto Remarketing

When that shopper is waffling over whether the timing is right to buy a used car, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. As it stands, retail prices for used vehicles have slowed significantly year-over-year: used SUVs are down 9.5%

Used Cars 109
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Used car prices fall again in July, down nearly 20% from pandemic highs

Autoblog: Repairs

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Used car prices fell 2.3% New car prices fell 0.2% Prices for used cars and trucks are still 16.9%

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Lane watch: 2 trends potentially point to healthy status for auctions & dealers

Auto Remarketing

Perhaps you could make an argument that the used-car market is almost as healthy as it can be for both auctions and dealerships based on two trends highlighted by Black Book in its latest installment of Market Insights. And the only time this retail estimate has been lower was in July 2021, according to Black Books report.

Retail 52
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Price declines slowing in wholesale market, accelerating in retail

Auto Remarketing

Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. For three consecutive weeks, the overall wholesale market has exhibited a slowdown, with reduced depreciation rates recorded in both the car and truck segments,” the report said.

Retail 98
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Used Vehicle Inventory, Sales, Supply, Prices Holding Steady

Automotive Fleet

Used vehicles had 43 days’ supply at the start of June, down one day from the upwardly revised level at the beginning of May and down two days compared to the same period last year. Days’ supply continues to be constrained, reaching its lowest level for this time of year since 2021 and three days below levels seen in 2019.

Vehicle 52
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Used C8 Corvettes Are Still $55,000 Cars Because Chevrolet Made Them Too Good, I Guess

Jalopnik

Before Covid hit during Trumps first term, it was pretty common for five-year-old used cars to only be worth about a third of their original price, while more desirable cars might retain as much as half their value. And yet, if you want a used C8 with a clean title, $55,000 or so is about as cheap as it gets for now.

Car 54