Used Car Prices Dropping 2025. The average transaction price for used cars in the fourth quarter of 2023 dipped to $28,371, a 4.4% decline from $29,690 a year prior, according to edmunds. While online shopping has made it easier to access inventory from across the country, that inventory isn't as plentiful as it was a.
On thursday, the consumer price index (cpi) showed that used car and truck prices fell 1.1% in september, the third straight month of declines. The average transaction price for used cars in the fourth quarter of 2023 dipped to $28,371, a 4.4% decline from $29,690 a year prior, according to edmunds.
Luxury Cars Dropped Another $200 Since Last Month.
The latest data from cox automotive shows that new car transaction prices continue to fall, and with more affordable new cars, the used car market is under.
Car Prices Have Accelerated In Recent Months, As With Many Other Consumer.
Martin predicts used car prices will drop back into a more normal pattern in 2025 when the market gets used to the reduced supply it will have to cope with next.
Used Car Prices Dropping 2025 Images References :
The Average Transaction Price For Used Cars In The Fourth Quarter Of 2023 Dipped To $28,371, A 4.4% Decline From $29,690 A Year Prior, According To Edmunds.
With used car prices remaining volatile, it’s never been more important to track.
In 2024, The Average Used Car Listing Price Sits At $25,571.
Used car prices are still falling in january but there are plenty of reasons to be positive about the market in 2024, believes auto trader’s ceo.