Remove 2022 Remove Electric Vehicles Remove Used Cars
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Used-cars’ first year-over-year price rise in 2½ years could be just the beginning

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iSeeCars is seeing something it hasnt seen in more than two years: rising used-car prices. The automotive search engine and research website said its latest study showed the average used-vehicle listing price in March was up 1% from March 2024, the first year-over-year increase since October 2022.

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Cars Commerce’s new look at used-car market tells an old story

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As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% from August 2022.

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Used EV prices drop further than overall market, but are slow to sell

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Moreover, the latest CARFAX Used Car Price Index shows that those declines continued “across the board” in November. But the price drops for used electric vehicles (and to a lesser extent, hybrids) have been far more extensive, approaching 34%, the iSeeCars data shows. For hybrids, used prices fell 9.6%

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March brings surge of inventory, falling prices, Cars Commerce report finds

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At the same time, used-car prices plummeted 5.1% March’s data shows the new- and used-car markets are adjusting,” the Cars Commerce analysis said, “with new-car prices continuing to drop and used-car prices hitting their lowest point in years, signaling a move toward more typical pricing.”

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Spring Optimism Boosts U.S. Automobile Dealer Sentiment

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” Market Outlook Reaches Highest Score Since 2022 The market outlook index improved in Q1, rising for the second consecutive quarter to 58, its highest score since 2022. The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers.

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Used EV selection increases, prices decline

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Affordability and availability of used electric vehicles is improving, and in some cases, so are sales. Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer.

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Alt-fuel vehicles don’t necessarily have to break the bank

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A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. lower than that of gas cars ($3,123). In a study, iSeeCars.com examined data from more than 1.3

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