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Popular Used Cars are Now 26.7% Less Affordable Than They Were Three Years Ago

This is double that of the new car rate. Popular models like the Toyota RAV4 are no longer affordable for many. Buying a used vehicle was once a smart financial option. New vehicle prices can sometimes seem inflated which is why, not that long...

Here are the Top 10 Cars with the Greatest Price Increases in July 2022

Used Car Prices Once More on the Rise July 2022 is the second consecutive month of used pricing increases. Both June and July come after four months of decrease. Yup, this old nugget. Used car prices have once again risen in July, this time...

These were the Top 10 Fastest-Selling New and Used Cars in June 2022

New vehicle inventories remain low. On average, used car prices are 10.5% higher than in June 2021. Fuel-efficient vehicles dominate both lists. Fuel-efficient vehicles, both new and used, are flying off still-nearly-empty car lots. SUVs are still well in the lead for new vehicle...

Used Car Buyers Willing to Travel Hundreds of Miles to Get the One they Want

auto sales
A recent survey found that consumers will travel almost 500 miles for a car. Buyers in Alaska are prepared to travel nearly 725 miles. New and used car buyers have been somewhat desperate for the last year and a half or so. Part supply...

American Honda Will Expand its Certified Pre-owned Program to 10-year-old vehicles

2022 Honda Civic
The new program will apply to Honda and Acura vehicles. It is meant to attract younger budget-minded buyers. New vehicle inventories are extremely low because of pandemic-driven circumstances and part shortages. One of the resulting side-effects is used car prices which have exploded over...

These are the Top 10 Cars with the Greatest Price Increases YoY

Used car prices are up 35% from 2021. Fuel-efficient vehicles, hybrids, and EVs are the biggest jumpers. There’s one exception to this rule. For months now, we’ve been sharing these reports. The global chip shortage and other part supply issues have driven up used-vehicle...

Used Car Prices Dropping in the US but Still Sky High

used 2016 Honda Civic LX
Average prices peaked between November and January. On average, used cars are still about 40% more than they were a year ago. The last 12 months have seen used vehicle prices soar to disturbing heights. Year-over-year, from February 2021 to February 2022, the pre-owned...

The Average Used Vehicle Price Rose to $33,240 in Canada Last Year

The average selling price for a used car is 34.5% higher than it was in 2020. The $33,240 amount is an all-time high. The average new vehicle sold for a whopping $50,758 last year. The numbers are staggering, frightening even. If you purchased a...

These are the Top 15 Cars that Cost More Used than New

The Mercedes-AMG G-Class sells for about 35% used compared to what it cost new. On average, according to the study, a one-year-old used car costs 1.3% more than its new version. Not that long ago, buying a pre-owned gently-used vehicle was a sound and...

Used Car Prices Once More on the Rise in November

2019 Nissan LEAF PLUS IZEV Program
Prices are up 27.9% on average in November 2021 over 2020. October 2021 prices were up 24.9 over the same period in 2020. Fuel-efficient cars lead the way with huge gains. This past November has once again witnessed massive increases in used cars prices....