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Used Car Market Update: Prices Spike as Inventory Drops; It’s a Seller’s Market!
Used car sales are much stronger than they were one year ago. Car buyers aren’t phased by much higher interest rates, economic uncertainty or exorbitant new car prices. What do healthy sales mean for car buyers in the 2023 spring car buying season? Will used car inventory keep up with demand, or will a shortage send prices higher? Here’s what the latest data tells us.
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Used car shortage is worsening in 2023
Is there a car shortage in 2023? It depends what you’re in the market for. Semiconductors aren’t the problem this time around. Car prices were so high for so long that as prices finally dropped, demand shot through the roof. The supply of used vehicles is lean as the spring selling season seems to be kicking off early this year, according to new data from Cox Automotive.
At the end of January 2023, there were 2.21 million used cars for sale on dealer lots across America. That’s 100,000 less than inventory in December 2022. Inventory remains down 14% from one year prior.
People keep buying cars, and that’s reflected in how quickly days’ supply has dropped. At the end of January, the days’ supply of used cars was 48 days, down from 57 just one month prior. Analysts from Cox Automotive note that many dealers are scrambling for inventory, and that’s driving up prices at wholesale auctions.
Affordable cars are disappearing
The average price for a used car in America is $26,510 in 2023. Here’s some perspective: Used car prices have risen 33% in the past five years. A decade ago, the average used car sold for ‘just’ $15,900. If you’re in the market for a used car under $15,000, expect VERY stiff competition, and slim pickings. Here’s how days’ supply breaks down for different used car price points, according to the latest data.
| Vehicle Price | Days' Supply |
|---|---|
| under $10,000 | 35 |
| $10,000 - $15,000 | 42 |
| $15,000 - $20,000 | 46 |
| $20,000 - $35,000 | 50 |
| over $35,000 | 53 |
The brands with the lowest used inventory were Toyota, Acura, Honda, Nissan, Mazda and Lexus. Toyota had the lowest days’ supply of used vehicles at 39. Japanese automakers have been hit particularly hard by post-COVID supply chain problems, which has forced more drivers to their respective pre-owned markets as new inventory remains slim.
Retail price update – Spring 2023
After reaching a peak in June of 2022, used car prices steadily fell for seven consecutive months. That general trend continued into 2023, but reversed sharply beginning in late January. Not surprisingly, lower prices spurred higher demand for used cars.
In a classic example of supply and demand economics, the used car market has reached a new normal in 2023. The volume of used car sales is 13% higher than it was at this point last year. Used car inventory industry-wide is now lower than at any point in all of 2022.
Wholesale auctions signal a sustained bump in prices, at least through tax refund buying season. Here’s a look at the latest Black Book wholesale auction price trends in March:
For the past two weeks, wholesale used car prices have increased. Sports cars and crossover SUVs have gained value the quickest.
As usual, there’s a 2-4 week delay between auction price trends and retail prices. As of February 21, the market average of retail used car prices remained unchanged.
When will used car prices drop?
The sudden spike in used car prices won’t last, but don’t expect 2020 prices to return. CareEdge’s own Ray Shefska had these market insights to share.
“I expect to see used car values and asking prices to remain somewhat elevated throughout the spring months of March, April and May with prices beginning to decline in June. I suspect that even though wholesale values at the auctions will continue to rise, retail asking prices will probably remain somewhat flat in order to keep the deal structure within the lending guidelines set by the banks.”
Here’s what Cox Automotive Chief Economist Jonathan Smoke had to say about where things stand, and what’s to come.
“The principal reason for improving used retail sales early in 2023 is the price decline that was a product of last fall’s wholesale price drops. Now dealers are restocking at higher prices, and driving prices even higher, so the retail price trend will reverse soon. It’ll be tough to maintain positive sales momentum with higher prices, especially as rates keep rising.”
There’s a lot of pent-up demand for affordable cars. Factor in inflation, and it becomes clear that prices are never going back to where they were in 2020 and prior.
But that doesn’t mean you can’t negotiate a better deal!
Here’s how to save thousands today, no matter the market trends
Imagine if you could have an experienced car buying coach help you negotiate and compare deals, saving you time and thousands of dollars. That’s exactly how we help car buyers negotiate better deals at CarEdge. Buying a car just got a whole lot easier.
With CarEdge Coach, you get:
- Three months of unlimited access to CarEdge Car Coaches
- 1:1 help with negotiating the best deal, securing the best rates on financing and insurance, and help with products like warranties and optional add-ons
- Expert trade-in analysis
- Access to Deal School 3.0, our premier car buying course for 2023
- Black Book reports, so you can see the same trade-in values dealers use
- CarEdge Suggested Offer, Negotiability Scores, and Recommendations (launching February 2023!)
- Still looking for the perfect car? We can help with that too
The savings speak for themselves….
“The buying and selling tools allowed me to track what was happening in the market. Knowing the value of my trade with the price of used cars declining each week, resulted in a private sale of the old ride. Timing was perfect for stepping into my next ride.
Thank you Ray, Zach and the CarEdge team… you’ve saved me thousands.”
– Happy owner of a 2023 Chevrolet Bolt EV
“Utilizing the market data available through CarEdge, I was able to get a 2018 Lexus IS 350 F-Sport Sedan with 44k miles for $35,600 out the door. This was $5k less than the first quoted price. It took a week, but with patience, the info to support my offer from CarEdge, and standing firm on what I saw was a fair price, it worked. Thank you Zach & Ray!!! No way this happens without my CarEdge membership. Will definitely circle back to the concierge option when it is time to get the next car!”
– Happy owner of a 2018 Lexus IS 350
CarEdge success stories have a common theme: you can save thousands of dollars with CarEdge. If you’re not satisfied, we offer a 100% money back guarantee.
From exclusive savings on financing, insurance and car maintenance to 1:1 consultations with our Coaches, we’re reimagining vehicle ownership for the better. We have options to fit every budget.
Learn more about CarEdge Coach. We’re real people helping you save real money!
Car Prices Are Rising; Now Is The BEST Time To Sell Your Car
Have you checked your Carvana offers lately? You may be in for a welcome surprise. Used car prices are trending upward in early 2023, and if you’re thinking about selling your car, now might be the time! After seven months of steady price declines, January saw a return to higher appreciation.
To test this hypothesis, we crowdsourced data from CarEdge community members like yourself to figure out just how much cash offers from Carvana, CarMax, Vroom, and others have increased.
What’s driving used car price trends, and how are wholesale markets translating to trade-in values and Carvana offers? When is the best time to sell a used car? We’ll dive into that and more.
Used Car Price Trends: It’s a Seller’s Market
According to the latest data from Cox Automotive, wholesale used car prices increased month-over-month in January. From December 2022 to January 2023, seasonally-adjusted used car prices at wholesale auctions rose 2.5%, but remained 12.8% lower than one year before. Only part of January’s rising car prices can be attributed to typical seasonal trends. According to Cox Automotive’s Manheim Used Vehicle Value Index, the non-adjusted used car prices were up 1.5% in January, showing that factors other than seasonality are at play here.
Black Book data shows a similar trend across the broader market. For the first time in nearly 8 months, used car prices increased at wholesale auctions.
“The overall market moved back into positive territory last week for the first time since the middle of June of last year. The newer, 0-to-2-year-old units experienced even larger increases than the 2-to-8-year-old units that are typically featured in our report. The overall market for the younger units increased +0.12%, compared with the 2-to-8-year olds that increased +0.03%. Older model years, 8-to-16-year-old units, increased only slightly less than the newest model years, with an uptick of +0.10%.” – Black Book Market Pro – 2/14/2023
Used car depreciation is slowing down, although the extent varies from one vehicle segment to another.
Why are car prices rising again?
Seasonal factors are increasing demand as we get closer to spring buying season, but CarEdge’s Ray Shefska thinks there’s more to the story here. “There’s a shortage of the preferred used cars: 2-6 year old cars with lower mileage. Dealers are still willing to fork over more cash at auctions for the used cars that sell quicker. They anticipate a coming shortage of inventory in the warmer months, and are willing to pay more to get cars on their lots today.”
Fears of a recession are subsiding somewhat, and that’s contributing to dealers raising their expectations for the health of the used car market this spring and summer.
Carvana offers are rising fast
Typically, car market trends at the wholesale level take months to translate to retail prices. That’s not the case this time around. Here are some before and after comparisons of Carvana offers received by CarEdge Community in recent weeks.
We were shocked to find that Carvana’s offer for this 2014 Toyota Camry had increased by $2,117 in just four weeks.
Carvana’s offer for this 2017 Kia K900 increased by $1,837 in about one month.
This 2017 Toyota Avalon gained $383, or about $125 per week over the past month.
Ready for a real shocker? This 2015 Chevrolet Corvette gained $1,256 in just seven days.
This is especially noteworthy since sporty and luxury cars have depreciated faster than any other vehicle segment in recent months. Now, they’re quickly gaining value. Thank you to our CarEdge Community for sharing these offers with us.
Even if you checked your offers from online car buyers just days ago, we recommend seeing your updated offers with CarEdge. Your car has likely gained value in the past week. Compare multiple quotes without annoying phone calls.
Sell your car soon
Your car is worth more than it will be in a few months. It’s tax season, and car buyers are about to have a chunk of cash in hand. The increased demand isn’t ubiquitous, at least not yet. Newer, mainstream brands are appreciating more than luxury cars right now.
Ford CEO Jim Farley told investors that Ford expects overall transaction prices to fall by about five percent. “You think about that as a combination of incentives and lower dealer margins. We’re starting to see dealer margins come down now as demand from the industry is easing a bit,” said Farley.
Interest rates remain high, and may climb further. Will the Federal Reserve continue to raise the cost of borrowing money at the next meetings in March and May? Most analysts expect at least one more 25 basis point hike in the near future. With that said, the cost of financing is likely to become an even greater burden to car shoppers in the months ahead, and that could soften the market yet again.
If you’re considering selling or trading-in your vehicle, you’re likely to get the best deal in February and March.
Compare offers without selling your data
The used car market has changed a lot in recent weeks. Even if you’ve recently received online offers from Carvana, Vroom, or others, you’ll want to see your car’s updated offer. It’s likely that your car’s value has risen.
Sadly, most popular online car buyers and quote tools make money by selling your information to third parties. CarEdge will never sell your data. Get the best offer when you sell your car, WITHOUT giving your data away. Compare quotes from CarMax, CarGurus, EchoPark and others with CarEdge, and get your offers in minutes.
Has your car’s value gone up in recent weeks? Let us know in the comments below, or join the internet’s fastest-growing automotive forum, the CarEdge Community.
In the market to buy? We’re here to help you take control of your deal and save money. Whether you’re looking for some 1:1 help with negotiating thousands off your deal, or are simply ready to hand over the keys and let a pro do the negotiating on your behalf, CarEdge Car Coaches are ready to assist. We have options for every budget. Check out plans and benefits today!
As Insurance Costs Keep Rising, These Are the Most and Least Expensive Cars to Insure
As auto insurance premiums continue to rise, it’s helpful for drivers to understand which vehicles are the least and most expensive to insure. Factors such as safety features, repair costs, and driver profiles contribute to insurance costs, making some cars pricier to insure than others. In this article, we delve into the latest auto insurance data. We’ve also included a comprehensive list of the most expensive cars to insure for mainstream and luxury brands.
Skip ahead to any topic with the table of contents below.
The True Cost of Insuring a Car Is Rising
Did your auto insurance premium increase recently? You’re not alone. New insights from Bankrate’s annual report The true cost of auto insurance in 2023 detail how much more Americans are spending to insure their vehicles. Nationally, full coverage auto insurance costs $2,014 per year on average, translating to a ~$168 monthly payment in the United States. On average, Americans are spending 2.93% of their annual income on auto insurance. That’s up from 2.57% last year.
Why is car insurance getting more expensive?
The costs of auto repairs increased over the past year as inflation drove prices for parts and labor through the roof. Making matters worse, some car parts were next to impossible to find due to overseas supply shortages.
These factors are combining to drive up the cost of auto repairs, which insurance companies have unsurprisingly passed on to drivers through higher premiums. Insurance rates are reactionary, so we won’t see them go down market-wide until auto repair costs decline.
The States With the Most Expensive Auto Insurance
The latest numbers from Bankrate show that car insurance is a lot more expensive in some states. Median incomes vary widely from one area to the next, so the analysts devised a new metric to represent the “true cost” of auto insurance premiums across the US:
“True cost rankings are determined by the average total percentage of income spent on car insurance and not average premiums. The higher the ranking, the higher the true cost of car insurance.”
These are the states with the highest true cost of car insurance, according to Bankrate:
1. New York (5.05% of income spent on car insurance)
2. Florida (4.90% of income spent on car insurance)
3. Louisiana (4.77% of income spent on car insurance)
4. Kentucky (3.90% of income spent on car insurance)
5. Alaska (3.66% of income spent on car insurance)
The States With the Least Expensive Auto Insurance
In the states with the least expensive car insurance, some are even seeing slight decreases in average premiums in 2023.
These are the states with the lowest true cost of car insurance, according to Bankrate:
1. Maine (1.03% of income spent on car insurance)
2. Vermont (1.16% of income spent on car insurance)
3. New Hampshire (1.45% of income spent on car insurance)
4. Idaho (1.58% of income spent on car insurance)
5. Connecticut (1.69% of income spent on car insurance)
The Cheapest Cars to Insure (All Brands)
The cheapest cars to insure are often the ones with lowest sticker prices. But this isn’t always the case. Factors like safety features, repair costs, and typical driver profile all play a role. We analyzed over 300 models and ranked the least and most expensive luxury and popular cars to insure.
Our rankings are based on a 40 year old good driver with full coverage and good credit that drives around 13,000 miles annually. These are the cheapest cars to insure right now:
1. Mazda ($1,494 average annual cost to insure)
2. MINI ($1,514 average annual cost to insure)
3. Chrysler ($1,588 average annual cost to insure)
4. Jeep ($1,591 average annual cost to insure)
5. FIAT ($1,628 average annual cost to insure)
6. Subaru ($1,637 average annual cost to insure)
7. Honda ($1,659 average annual cost to insure)
8. Kia ($1,666 average annual cost to insure)
9. Buick ($1,678 average annual cost to insure)
10. Volkswagen ($1,731 average annual cost to insure)
See the full list of the least expensive cars to insure.
The Most Expensive Cars to Insure (Popular Brands)
These are the most expensive cars to insure today. Keep in mind that brand rankings are an average of all models.
1. Ram ($2,011 average annual cost to insure)
2. Nissan ($1,968 average annual cost to insure)
3. Ford ($1,835 average annual cost to insure)
4. Mitsubishi ($1,821 average annual cost to insure)
5. Toyota ($1,818 average annual cost to insure)
6. Chevrolet ($1,784 average annual cost to insure)
7. GMC ($1,782 average annual cost to insure)
8. Hyundai ($1,745 average annual cost to insure)
9. Dodge ($1,731 average annual cost to insure)
10. Volkswagen ($1,731 average annual cost to insure)
See the full list of the most expensive cars to insure.
Wondering why even the most expensive popular brands are less expensive to insure than the national average? Over 18% of new car sales are for luxury brands, and luxury models are much more expensive to insure. See the average cost to insure luxury cars here.
Save On Car Insurance: It’s Time to Shop Around
We recommend shopping around for lower car insurance rates at least once a year, especially as premiums are rising. You’re likely to save a chunk of money when you do. A ValuePenguin survey found that 76% of people who shopped around found a lower rate for the same coverage.
Best Auto Insurance Rates
When drivers compare competitive quotes with CarEdge Insurance, it becomes clear that lower rates are out there, but only for those who shop around. Drivers are finding the lowest car insurance rates with Progressive and Travelers Insurance.
See if you can save hundreds of dollars every year simply by comparing quotes with CarEdge.
Worried about spam phone calls and emails? Rest easy with our no-nonsense quote comparison tool.
If you found a lower rate with CarEdge, let us know in the comments below!
The Highest and Lowest Destination Charges For New Cars
After a year of inflation, it shouldn’t surprise you that yet another facet of car pricing is on the rise. This time, it’s rising destination charges. A “destination charge” or “delivery fee” is an auto manufacturer’s fee for delivering a vehicle from the factory to the dealership. Destination charges are a dreaded part of the total MSRP.
In 2023, destination charges on new cars are rising. With interest rates increasing, every dollar matters even more, and understanding these fees can help you prepare for what to expect. These are the new cars with the highest and lowest destination charges in 2023.
The Cars With the Lowest Destination Charges
| Make | Model | Destination Charge (2023) |
|---|---|---|
| MINI | Cooper | $995 |
| MINI | Hardtop | $995 |
| MINI | Clubman | $995 |
| MINI | Countryman | $995 |
| Chevrolet | Bolt | $995 |
| Chevrolet | Malibu | $995 |
| Subaru | Impreza | $1,020 |
| Subaru | Legacy | $1,020 |
| Subaru | BRZ | $1,020 |
| Honda | Accord | $1,095 |
| Nissan | Altima | $1,095 |
| Volkswagen | Jetta | $1,095 |
| Volkswagen | Passat | $1,095 |
| Volkswagen | Golf | $1,095 |
MINI doesn’t just have the smallest cars, the beloved English brand also has the smallest destination charges of any automaker. At ‘just’ $995 for delivery to a MINI dealer near you, the destination fee is 30% lower than the industry average of about $1,400 in 2023. Will these be the last destination fees under $1,000? With where the market is headed, it’s quite likely.
The Cars With the Highest Destination Charges
| Make | Model | Destination Charge (2023) |
|---|---|---|
| Jeep | Grand Wagoneer | $2,000 |
| Jeep | Wagoneer | $2,000 |
| Ram | 1500 | $1,895 |
| Cadillac | Escalade | $1,895 |
| Chevrolet | Silverado | $1,895 |
| Chevrolet | Suburban | $1,895 |
| Chevrolet | Tahoe | $1,895 |
| Ford | F-150 | $1,895 |
| Ford | Expedition | $1,895 |
| GMC | Sierra | $1,895 |
| GMC | Yukon | $1,895 |
| Toyota | Tundra | $1,795 |
| Nissan | Titan | $1,795 |
| Jeep | Grand Cherokee | $1,795 |
| Jeep | Cherokee | $1,795 |
| Jeep | Compass | $1,795 |
| Jeep | Gladiator | $1,795 |
| Jeep | Renegade | $1,795 |
| Jeep | Wrangler | $1,795 |
New car destination charges are up by a lot in recent years. Since 2017, destination fees are up by about 20% on average. Some manufacturers are much worse, with further hikes announced in recent months.
General Motors, Ford, Stellantis, Honda, Porsche, Hyundai and many others increased destination charges by over 20% in the past five years. In 2023, an unfortunate milestone was reached: the first mainstream models with $2,000 destination charges.
Jeep, Ram and Dodge Force Higher Destination Charges On Buyers
Stellantis charges the most for new car destination fees. The Jeep Wagoneer and Grand Wagoneer are both at $2,000 in 2023. But these two SUVs may not be alone in the $2,000-plus club for long. General Motors and Ford both raised their fees this year, with many models at $1,895.
America’s most popular trucks come with higher destination charges these days. The Ram 1500, Ford F-150 and Chevrolet Silverado all now have destination charges of $1,895 in 2023. That’s up hundreds of dollars from just a few years prior.
Are Destination Charges Negotiable?
Destination charges as a line item on the bill of sale are not negotiable, but you can offset the expense with negotiation know-how elsewhere in your car deal.
Here’s how CarEdge’s Ray Shefska explained how you can think of negotiating destination charges on a new car.
“The destination charges on the Monroney label (window sticker) are not negotiable in and of itself. The charge is part of the MSRP. When negotiating the price of a vehicle, the starting point is usually MSRP, and a discount off of MSRP can be negotiated. So, no you cannot negotiate the destination charge on a brand new vehicle, but you can negotiate savings elsewhere to offset this fee.”
As new car MSRPs continue to rise, negotiating car prices is more important than ever.
Here’s 10 cars with big MSRP increases in 2023, and the new cars with the smallest price increases. Is your next car on either list? Let us know what prices you’re seeing in the comments below.
Get Help Negotiating Car Prices
Saving you money is what drives us. Whether you’re looking for 100% free resources or 1:1 help with buying, CarEdge has you covered. Where should you start? Everyone loves free stuff. Become an empowered car buyer with these free reader favorites from CarEdge:
Car Buying Negotiation Cheat Sheet
Used Car Prices Are Falling, and It’s Only the Beginning
What goes up, must come down, and someone’s going to lose money. In this case, it’s most likely going to be car dealers on the losing end of the market.
Used car prices climbed 52 percent in 2021 and 2022, an unprecedented and historic price bubble that is slowly but surely bursting. The average price paid for a used car peaked at $33,000, an all-time record. But times are changing! Higher interest rates, rising new car inventory and fears of recession put an end to the madness as 2022 came to a close. In 2023, used car prices have much further to fall. The latest data from Black Book paints a picture of falling prices, and ultimately, perhaps a sense of normalcy.
Let’s take a look at what the latest used car price data reveals, and what our team of auto experts and consumer advocates expect for used car prices in 2023.
The Latest Used Car Price Update
Used car prices are falling, but let’s not forget where we’re at, and where we’ve been. Black Books’ 2022 Year in Review puts used car prices into perspective remarkably.
“The average wholesale price of a 4-year-old vehicle at the beginning of the pandemic in January of 2020 was about $13.5k. At the end of December 2022, the average wholesale price of a 4-year-old vehicle was about $21.9k – almost a 60% increase above the pre-pandemic norm (so, a $10k car from early 2020 would cost about $16k right now).”
Used retail prices have fallen, but are STILL about 35% above pre-pandemic levels.
ABC’s Good Morning America recently caught up with Zach Shefska to talk car prices. See Zach on America’s most-watched morning show!
After six months of wholesale price declines, there’s still a long way to go before reaching some semblance of normalcy and price stabilization.
Data from Edmunds shows where the retail used car market stands heading into 2023. The average price of a used car in December was $29,533, down nearly $1,600 (-5%) from the record high of $31,095 reached in April 2022.
Today’s average used car price is about the same as the average NEW car price in 2010.
This week, used car prices continue to fall. Data from wholesale auctions is what you could call the pulse of the used car market. Typically, trends in wholesale prices are reflected in retail pricing three to six weeks after auction.
2023 has kicked off with wholesale used car prices continuing to fall. Last week, the overall market fell -0.79%. In recent weeks, luxury and near-luxury cars and crossovers have been falling the quickest, by nearly 2% week-over-week in some luxury segments.
All nine car segments decreased last week, with three reporting declines greater than 1% (Prestige Luxury, -1.76%; Near Luxury, -1.28%; Compact, -1.18%). Compact Cars reported the largest decline for the segment since early November.
All thirteen truck segments reported declines last week, with three of those reporting a decline of over 1%. However, prices for used full-size trucks have been slowly falling after steeper drops in 2022. The average price paid for a used truck is $37,000, compared with $60,000 for a new full-size truck.
Interestingly, Tesla’s massive price cuts are already impacting used EV valuations.
Our CarEdge Coaches recently shared which cars and trucks are most negotiable right now. Check out the latest info on how to negotiate car prices here.
Interest Rates Mean Cash Is King
The average down payment for new and used cars hit record highs in 2022, climbing to $6,780 and $3,921, respectively. Car buyers are putting more money down to do what they can to offset the higher cost of borrowing money.
About 40% of used car purchases are financed, compared to nearly 84% for new cars. Unsurprisingly, these figures are in a steady decline as car prices have raced beyond most buyer’s budgets.
Paying cash for cars is not a bad idea, but you may be missing out on the best deal if you do. This sounds odd, and it’s definitely worth exploring further if you’re in a position to pay cash. Be sure to check out this guide to paying cash for cars!
Predictions For Car Prices in 2023
Our own Ray Shefska recently shared his biggest predictions for 2023. With over 40 years in the business, Ray’s insights touch on both the usual suspects and some surprisingly unsung themes of today’s auto market.
These are Ray’s big predictions for 2023:
1. New car inventory will continue to grow
2. Used car affordability will continue to keep sales volume down
3. Rising interest rates will lower demand and worsen affordability
4. Manufacturer incentives will increase
5. Cash is king in 2023
Curious to learn more about these predictions for the new year? Check out the full article here.
A Word of Caution
Before you head to the dealership to negotiate a deal, check your loan balance for your trade-in. According to Edmunds’ analysis, 17.4% of new vehicle sales with a trade-in had negative equity in Q4 2022, up from 14.9% in Q4 2021. Negative equity is when you still owe more than the car is worth at the time of trade-in. Having negative equity will add to the amount of your next auto loan, making payments higher, and resulting in even more interest paid over the life of the loan.
How can you avoid ending up ‘underwater’ with negative equity? The easiest way is to have a larger down payment, typically at least 20%. Factors such as depreciation and interest rates weigh heavily on how long it takes to pay down an auto loan.
Use this car depreciation calculator to see how quickly particular models are likely to lose value over time. It’s better to be informed than to be in over your head with auto loan debt.
Track Used Car Prices Weekly
If you’re in the market for a car in 2023, it’s important to stay informed as both new and used car prices remain volatile.
We track used car prices with weekly updates.
Add this used car prices updates page to your bookmarks, especially if you’ll be shopping for a new ride in 2023!
