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Inventory is expected to inch up slightly in 2024, with 9.6 million used cars available, and in 2025, that number is expected to hit 10.2 million — still lower than the pre-pandemic supply.
New data shows used car ... Manheim says the 3.7% jump in February was the largest increase for the month on record since a 4.4% rise in February 2009. ... The early bounce sent many dealers into ...
The auto market in 2023 was marked by inflated sticker prices, high borrowing costs and poor inventory, so hopefully 2024 will be known for improvements in all of these areas, on both new and used...
“These trends in the used market are a direct reflection of dynamics in the new-car market as inventory levels normalize,” auto research firm Edmunds said in its Q2 vehicle prices report. “A ...
Car prices, in particular for used vehicles, seem to be coming down faster compared to inflation in the broader economy, which saw overall prices rise 0.6% month over month and 3.7% on an annual ...
If you've considered buying a used car or truck in the past few years, you've likely faced sticker shock. Beginning during the pandemic, and stemming from new car supply chain disruptions, the ...
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