Consumers have been bracing for it, and now it’s happening: the cost of used cars is going up, and tariffs are playing a starring role. If you’re currently in the market for a used vehicle, you’ve ...
According to a new report from auto industry experts, used cars are more expensive than they've been in years. A May 22 report from Edmunds indicated that in the first quarter of 2025, the average ...
Although experts anticipate more inventory reaching the used car market, increased supply may not translate into meaningful relief from elevated prices.
Remember when a 5-year-old sedan could be yours for $15,000? These days, even a “bargain” on the used lot feels like bidding at an auction. Used car prices are now about 40% higher than before the ...
While year-end shifts for used cars are real, the biggest advantage is negotiating power, not guaranteed price drops. Sedans and smaller SUVs saw the biggest price improvements in November, while ...
Used-car prices are at near-record levels. But those high-priced vehicles are still the biggest bargains on the market. Edmunds’ Q2 2025 Used Vehicle Report found the average transaction price of ...
1- to 5-year-old used cars experienced their first 12-month price increase since 2 ½ years ago in October 2022 The average 1- to 5-year-old used car cost $31,624 in March 2025, up 1% ($317) from a ...
On April 3, the Trump administration’s sweeping tariffs on virtually all imported goods entering the U.S., including a 25% tariff on all foreign-made automobiles, went into effect. While many ...
After over two years of a demand freefall in the used car market, prices have suddenly increased, indicating a change. While the price increase isn't dramatic, it could hint at what consumers should ...
A surprising number of used performance cars under $50,000 can outrun vehicles that once defined the supercar category.