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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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Shoppers will no longer pay a premium for electric vehicles and consider electric powertrains a detractor, making them less desirable, iSeeCars study shows.
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CAR 2024: Negative media headlines about EVs abounded in the past year, bringing a dose of reality mixed with some exaggeration that data and facts can correct.
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The market is still seeing higher sales conversion levels with days’ supply down as sales have continued to run above last year’s levels.
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Affordability remains challenging for consumers, and supply is more limited at lower price points.
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While some weakening in the market over the Memorial Day weekend is seasonally normal, May saw more market softening in the latter half of the month.
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The tool allows sellers to indicate they are committed to selling a vehicle that same day, and buyers can spot ready deals.
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The legendary automotive expert helped develop the remarketing industry's leading resource on valuing and pricing used vehicles for the retail market.
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The average used-vehicle listing price was $25,571, up slightly from the revised $25,536 at the start of April but down 6% from a year earlier.
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Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
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CAR 2024: An expert executive from JD Power shares the global firm’s latest analytics and insights on the used and new vehicle markets and the current and future state of electric vehicles.
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