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As the first quarter of 2025 ended, all was calm for used-vehicle retail prices. But, Cars Commerce reported in its Q1 2025AutoMarket Review , that might have been the calm before the storm. Market uncertainty and delayed policy announcements likely kept some shoppers on the sidelines.
In April 2025, the U.S. Keeping Drivers in the Driver’s Seat Uncertainty around how far tariffs will go is adding turbulence to the automarket, but certain segments are hanging in there. While the full scope of future trade policy is unknown, one thing is clear: the U.S. State and federal EV incentives are still strong for U.S.-made
So well need to watch and see what trends transpire over the next month as activity in the usedmarket increases. Indeed, Coxs Q1 updates to its 2025 forecasts have shifted from a single number in each category to ranges of scenarios, Robb said, because there are a lot of unknowns out there. million to 38.0
. “The recent resolution of political uncertainty following the presidential election has cleared the path for a more optimistic outlook on future automarket conditions,” said Jonathan Smoke , chief economist at Cox Automotive. One year ago, the index stood at just 41, one of the lowest readings in its history.
How are used-car sales going? Cox Automotives Dealer Sentiment Index for the second quarter of 2025 offered a stark illustration of the different worlds inhabited by franchised and independent dealers in their outlook of the current used-vehicle sales environment. Depends on what kind of dealer you ask.
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