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Prices plateau in more stable used-car environment

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The CARFAX Used Car Index made its debut a year ago, and in an analysis recapping the latest installment , the company pinpointed three retail used-car pricing trends that have stood out. Tom Kontos, the chief economist at ADESA, has noticed a similar flattening in wholesale used-car prices. year-over-year.

Used Cars 105
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Used-car sales climb about 11% & move at faster clip

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It was March momentum for the retail used-car market. million used vehicles, which was a 10.9% Through three months of 2024, dealers have sold approximately 4.38 million used vehicles, compared to 4.29 The year began with used-car sales by dealers falling 6.4% from January. and is up 1.1%

Used Cars 105
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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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Cars Commerce report: All quiet on the used-car front

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The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. The age of those used cars is steadily increasing, which means consumers are now getting an older car for the money than they had before.

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New-car prices, used inventory shortages drive stability in used-car market

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In Cars Commerce’s most recent Industry Insights Report , industry and marketplace analytics principal David Greene noted the contrast between the steady used-car market with the relative volatility of the current new-car environment. So, why isn’t the used-car sector experiencing the same “adjustment” as new cars?

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Trucks, SUVs head list of best-selling used vehicles, but Tesla EVs moving up

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It was, however, a bit unexpected to find an electric vehicle in the top 30, and two EVs among the top 75. million used car sales from the past five model years to identify the most popular used cars bought in 2024. 1-selling used vehicle in the 50 largest U.S.

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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.