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Used-Car Prices Are Finally Dropping

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After a couple of years of pandemic abuse, used-car prices in the US have finally taken a turn for the better, at least for consumers—dealers, unfortunately for them, will not be making as much as they have been recently. The overall drop from September of last year has been 4.7%, with prices plunging 8.7% across the board compared to this time a year ago.اضافة اعلان

The study by iSeeCars.com, “a data-driven car search and research company,” analyzed 1.8 million used-car sales between February 2022 and February 2023. The results are presented for two time periods: the last six months and the last year.
“A used-car pricing shift, from 7% positive to 8.7% negative, has occurred over the past six months,” said Karl Brauer, iSeeCars executive analyst. “If the trend continues we could see prices back at pre-pandemic levels by the end of year.”

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