Used cars are a lot cheaper now — and this is the big reason why

U sed cars are more than 10% cheaper than last year, mostly thanks to rising inventories of new cars and discounts on those vehicles to move them off of lots sooner. Consumer prices rose modestly ...

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Used Cars Are A Lot Cheaper Now — And This Is The Big Reason Why

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U sed cars are more than 10% cheaper than last year, mostly thanks to rising inventories of new cars and discounts on those vehicles to move them off of lots sooner. Consumer prices rose modestly ...

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Used Cars Are A Lot Cheaper Now - And This Is The Big Reason Why

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Aug 14, 2024 · Used EV prices fall even more rapidly. Used cars are more than 10% cheaper than last year, mostly thanks to rising inventories of new cars and discounts on those vehicles …

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Used Cars Are A Lot Cheaper Now - And This Is The Big Reason Why

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Aug 14, 2024 · Used cars are more than 10% cheaper than last year, mostly thanks to rising inventories of new cars and discounts on those vehicles to move them off of lots sooner. …

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Used Car Or New Car? What's A Better Value Right Now. - USA TODAY

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Mar 25, 2024 · Even better for shoppers is that lower-priced vehicles in both categories have risen. About 30% of used cars are priced under $20,000, up from about 12% during the …

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Why Car Prices Are Still So High — And Likely Won't Fall Anytime …

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Mar 18, 2023 · Cox Automotive crunched the numbers and found that from December 2017 to December 2022, sales of new cars under $25,000 — affordable, by new-car standards — …

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If You Haven’t Been Car Shopping In A While, Brace Yourself - CNN

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11 hours ago · Much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The more they charge for a car, the more money they …

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Used Cars Are A Lot Cheaper Now — And This Is The Big Reason Why

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Aug 14, 2024 · Used cars are more than 10% cheaper than last year, mostly thanks to rising inventories of new cars and discounts on those vehicles to move them off of lots sooner. …

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Used Cars Are Getting Cheaper, But Here’s Why That’s Not Good …

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Mar 15, 2024 · A Decrease in Used Vehicle Prices. The last quarter of 2023 saw the average transaction price for used cars fall to $28,371, a decline of 4.4% from the same period in the …

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Why Experts Say Now Is A Good Time To Buy A Used Car Before

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Mar 30, 2023 · “A used inexpensive car is now becoming more and more of a luxury,” Catalano said. “What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 …

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The Pandemic Broke The Used Car Market — Now Shoppers Are …

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Sep 30, 2023 · The average two-year-old car cost $23,886 in 2019. Today that's skyrocketed to $37,675. The supply of used cars that are one-to-three years old is 28% lower than it was in …

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Is Now The Time To Buy, Sell, Or Trade-in A Car?

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Oct 21, 2024 · A recent analysis finds that sales of cars priced at $25,000 or less have fallen by 78% in just five years. Five years ago, automakers offered 36 new models in that price range. …

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Is Now A Good Time To Buy A Used Car? - Cars.com

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Mar 31, 2023 · The average rate for a used vehicle reached 10.26% in the fourth quarter of 2022, according to Experian, up from 8.22% a year prior. Meanwhile, the average used-car monthly …

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Inflation Is High. Used Car Prices May Help Explain What's Next : …

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Jul 13, 2021 · The retail price of used cars jumped 10.5% between May and June, following a 7% jump the month before. In recent weeks, however, the buying frenzy has slowed. Inventory at …

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FAQs about Used cars are a lot cheaper now — and this is the big reason why Coupon?

Are used cars cheaper than last year?

Used cars are more than 10% cheaper than last year, mostly thanks to rising inventories of new cars and discounts on those vehicles to move them off of lots sooner. Consumer prices rose modestly in July mostly on housing costs, but among the items showing declines were prices for used cars and trucks, which were down 10.9% year over year. ...

Why are new car prices high?

The prices of new cars are surging, leading to a vehicle shortage and inflated prices. In February, according to Edmunds, the average new vehicle in the United States sold for nearly $48,000 — beyond the reach of many consumers. ...

Why do used cars cost so much?

Mainly, supply chain issues kept car companies from making and selling as many cars as usual, driving up prices for new vehicles and forcing buyers to the used market in droves. Hot demand and limited supply pushed prices sky-high. Now, used cars still cost an arm and a leg, but for a different reason. ...

Is it worth buying a used car?

Well, it was nice while it lasted. For nearly a year, the average used vehicle in the United States had been edging toward affordable again for millions of people. The relief felt belated and relatively slight, but it was welcome nonetheless. ...

Are used car prices rising again?

The used-car market doesn't provide much relief either. Retail used-vehicle prices now average $26,510. And after falling last year, closely watched wholesale prices, a key indicator of where markets are headed, are actually rising again. ...

Are used car prices falling?

Even though inflation has cooled since then, as Wednesday’s consumer-price index shows, used-car prices fell much more than new ones. (They did tick up slightly in October.) The average transaction price of a new car has hovered around $47,000 for the past two years, according to Edmunds. ...