2024 Used Car Prices – Prices for wholesale used vehicles are the lowest they’ve been since 2021, but aren’t yet in line with pre-pandemic norms . From December 2023 to January 2024, new car prices fell by 0.04%, according to the Consumer Price Index. “While new cars are back, they’re still very expensive, and for a lot of people, used cars are .
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2024 Used Car Prices Used Vehicle Wholesale Prices Give Up 55% of Pandemic Spike : Supply chain issues with new vehicles caused used car prices to skyrocket during the pandemic. Now that production issues have settled, local car dealers are starting to see more inventory and prices . and lessening the supply of used cars on the market. After reaching peak highs, prices have calmed down a bit but are still higher than pre-pandemic. As of February 2024, the average used car is .
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