The Ultimate Game-Changer: Edmunds Disrupts The Used Car Market - m1
Webedmunds says a growing number of drivers who bought cars when prices were high with loans are now finding themselves in negative equity.
Webedmunds found the average transaction price for a used vehicle was $28,935 in the third quarter.
While that’s still way above the average of $20,085 from.
Webedmunds analysts uncovered the key new trends shaping the used market in their q3 used vehicle report, including:
The average age for a used ev is 2. 7 years, trending younger than.
Webedmunds analysts uncovered the key new trends shaping the used market in their q3 used vehicle report, including:
Many experts predict that.
Webthe biggest question right now is:
The expected, substantial pricing gap.
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When will interest rates come down, making used cars seem more attractive to value shoppers?
The expected, substantial pricing gap between brand.
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Used car prices are softening but remain historically high.
The average used vehicle transaction price in q1 2023 dipped 6. 4% year over year but is up 44% from five.
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.
Those most at risk.
