According to the J.D. Power and GlobalData U.S. Automotive Forecast for October 2024, the average price of a used car is $28,472. This value is 2.3% lower than in October 2023 due to a drop in ...

As buying used becomes the "New Normal," used car prices are receiving more scrutiny than ever before. Although the year began with declines in the average used car price, the trend quickly shifted.

The average sales price of 3-year-old used vehicles surpassed the $30,000 mark in Q1 2025, narrowing the gap with new car prices to under $17K for the first time since 2022. Due to unexpected market ...

Consumer demand for new and used vehicles bounced back in October after a slight dip in September, as prices continue to drop, according to new data. CarGurus, an online new and used vehicle shopping ...

After over two years of a demand freefall in the used car market, prices have suddenly increased, indicating a change. While the price increase isn't dramatic, it could hint at what consumers should ...

The average price of 3-year-old used cars has increased 40.9% since the pandemic, from $23,159 in 2019 to $32,635 in 2025 Used cars priced under $20,000 made up 49.3% of the 3-year-old market in 2019, ...