2024 Used Car Prices. New car prices have fallen a remarkable 3.5% in the last year. That’s according to research by auto trader, delivered exclusively to attendees at last week’s car dealer live.
While 276,268 vehicles were available for sale in december 2023, only 169,312 of those were sold, marking a notable decrease on the month prior. Data firm cox automotive predicts that wholesale prices on its manheim used vehicle value index, which measures prices of used vehicles sold.
The 5 Trends For The Used Car Market In 2024.
New car prices have fallen a remarkable 3.5% in the last year.
Quick Facts About The Car Buying And Selling Marketplace.
Prices dropped over the last 30 days.
The Company Analyzed Over 1.8.
In 2023 and 2024, it’s the reduced supply of used cars that ensures prices will remain elevated.
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3 2024 New Car Price Forecast:
Explore used car pricing trends.
Cox Reports The Average Listing Price Of A Used Vehicle Was $26,091 As Of Last Month, Down 3.9% From A Year Earlier And 7.5% Lower Than The Roughly.
