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Used Car

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Finance

Used-Vehicle Prices Turn into Inflation Headwind, after Historic 2-Year Plunge Helped Power the “Deceleration” of Core CPI

December 7, 2024 Mariel Alumit

Prices are rising again, amid tight supply, sharply reduced flow through the used-vehicle pipeline, and strong demand. By Wolf Richter for WOLF STREET. Prices of used vehicle sold at auctions across the US jumped by 1.3% in November […]

EVs
Electric Vehicles

EVs drive used car boom

August 13, 2024 Mariel Alumit

In the second quarter of 2024, the UK used car market grew by 7.2%, marking the sixth consecutive quarter of growth. Sales of used battery electric vehicles (BEVs) increased by 52.6%, reaching a market share […]

Prices
Finance

Used Car and Truck Prices Spiral Down Further in Historic Plunge, Surrender 60% of Stunning 2-year Spike

July 9, 2024 Mariel Alumit

But used EV prices still +61% from Jan. 2020, used ICE vehicles +31%. When will they bottom out? Compact cars approach affordability again. By Wolf Richter for WOLF STREET. Prices of used cars, SUVs, pickup trucks, and vans […]

Wholesale Prices
Electric Vehicles

Used Car Wholesale Prices Continue Plunge, Gave up 59% of Pandemic Spike. But still up 35% from Jan 2020: EVs +72%, ICE Vehicles +34%

June 10, 2024 Mariel Alumit

Compact trucks +70% since Jan 2020; full-size pickups +39%, SUVs +30%, compact cars +20%. Auto insurance +44% since Jan 2022. By Wolf Richter for WOLF STREET. Used vehicle prices are in a historic downward spiral, unwinding the hugest-ever […]

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