The Ultimate Game-Changer: Edmunds Disrupts The Used Car Market

Webedmunds analysts uncovered the key new trends shaping the used market in their q3 used vehicle report, including:

Webdepending on who you ask (cox automotive, edmunds, cargurus, or black book), retail used car prices increased anywhere from 32% to 36% in 2021.

Webedmunds analysts uncovered the key new trends shaping the used market in their q3 used vehicle report, including:

Those most at risk.

The average age for a used ev is 2. 7 years, trending younger than.

Webused ev values have undergone a major course correction, falling 20. 5% year over year from q2 of 2023 and 38. 5% from q2 2022.

The expected, substantial pricing gap.

Webedmunds says a growing number of drivers who bought cars when prices were high with loans are now finding themselves in negative equity.

Many experts predict that.

The average used vehicle transaction price in q1 2023 dipped 6. 4% year over year but is up 44% from five.

Used car prices are softening but remain historically high.

The expected, substantial pricing gap between brand.

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Webthe biggest question right now is:

Webedmunds found the average transaction price for a used vehicle was $28,935 in the third quarter.

When will interest rates come down, making used cars seem more attractive to value shoppers?

While that’s still way above the average of $20,085 from.

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