when will used car prices drop reddit

Saturday, November 5, 2022 Edit

The average transaction price for a used car was 25410 in the second quarter of 2021. According to JD.

Analysts Warn Of Possible Used Car Price Plunge In Late 2022 R Askcarsales

Power used-vehicle values will begin their descent to more normal levels by late 2022 and into 2023.

. Its no secret that the used car market is softening. A 15 drop would put average prices. This week he tweeted that the SUVs price has fallen to 40000 from 75000 in just six months.

But used cars are still nearly 40 more expensive than they were in February 2021. This has caused prices to drop and theyre likely to. Why might used car prices drop in 2022.

One reason why used car prices might drop in 2022 is because the market for used cars is expected to become more. A drop this time of year at all with the crazy used car prices is definitely surprising though. The median price of an average used vehicle went up by 25500 by February 2022.

And as a recent forecast moving on to July 2022 we observed a slight dip in the average car. The article says that the average used car price was 28k in December. For Huber and anyone else whos been putting off buying a used car the.

That used to as much as I would be willing to pay for a new car not many years ago. The fall in US used-car prices in the first half of February has wiped out Januarys surge. Meanwhile consulting firm KPMG expects a notable.

Sales of used cars are down while the supply of used cars is up.

Kpmg Used Car Prices Are Expected To Crash 30 But The Crash Might Not Happen Until Q4 2022 Or 2023 R Cars