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Here's How Much Used Car Prices Have Gone Up This Year

Jalopnik

Although the year began with declines in the average used car price, the trend quickly shifted. According to the CarGurus Used Car Price Index , which tracks millions of used car prices, prices drifted down from December to February. overall, since the start of the year.

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From the Magazine: Collision repair at a crossroads

Auto Service World

Similarly, a sudden drop in used car prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate.

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Used Vehicle Inventory, Sales, Supply, Prices Holding Steady

Automotive Fleet

Graphic: Cox Automotive Used-vehicle inventory levels at the start of June dropped slightly month over month , but inventory was relatively flat compared to early June 2024, according to a Cox Automotive analysis of vAuto Live Market View data released June 13. Used retail were at 1.53 stood at 2.21 million units, down from 2.22

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PREVIEW: Wholesale volume trends featured in ‘State of the Used Car Industry’ report

Auto Remarketing

Editor's Note: This is a small excerpt from Cherokee Media Group's upcoming “State of the Used Car Industry” report. The prime reason vehicles are pricier to purchase in the wholesale market and will likely remain that way for years to come? The estimated available wholesale supply of vehicles up to 8 years old fell to.

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Retail used-car market by the numbers: Supply, demand, prices & EV metrics

Auto Remarketing

It was good news, bad news for the retail used-car market in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. And both supply of and demand for used EVs is rising, and prices are softening. Used-car demand fell 7.6% Used prices dropped 2.9%

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PODCAST: The great EV debate & plotting a path to 2030

Auto Remarketing

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a lively debate about the future of electric vehicles. Listen to the episode in the window below and stay tuned for more from UCW 2024.

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Where Can I Find a Good Used Car Buyer?

AutoSuccess

Used vehicle acquisition is competitive, expensive and nuanced, even for the best car dealers. While some dealerships are happy sending their used car manager to the auction, others who aren’t satisfied with that approach need to get a little scrappy and think outside the box. More on this later.