CarEdge Insights
As we enter summer, wholesale used car prices are falling. In a clear contrast, retail used car prices are still rising, but this trend may not hold up for much longer. In June 2025, the average used car listing price sits at $25,547. Summer car buying season is here, but tariff uncertainty adds to the complexity of today’s car market. This combination of seasonality and uncertainty means that used car prices will be difficult to forecast in the weeks ahead. With the continuing market volatility, it’s never been more important to track the value of your car.
👉 We also track new car prices. See the latest monthly update here.
Used Car Prices – June 2025 Update
According to the latest used car market data from Black Book, the used car prices are slowly but steadily falling at wholesale markets. These are the markets that most car dealerships buy and sell preowned inventory from. When will retail used car prices drop further? We’ll get into that below. First, let’s take a closer look at wholesale prices last week.
Where are used car prices headed? Let’s look at the data.
This week, wholesale used car prices continue a steady decline, as is expected in between spring car buying season and the summer rush. However, car sellers are beginning to fear that lingering economic uncertainty could put a damper on summer buying season in 2025. That’s a great sign for buyers looking for lower prices in the weeks ahead.
In the first full week of June, wholesale used car prices fell – 0.54% according to Black Book data. This drop is twice the historical average for this time of year, and indicates a real softening in wholesale prices.
Which used car prices are falling most? Let’s take a look at the latest data from Black Book. We’ll break it down by vehicle segment below.
Used car prices (wholesale sedans)
The overall car segment saw prices fall -0.47% this week. All segments of sedans, from luxury to compact, saw falling prices in June 2025. In a glimpse of good news for budget buyers, sub-compact car prices fell the most. Here’s how used car prices changed over the past week:
Used Truck Prices (Wholesale)
Used truck and SUV prices are falling in June as the spring rush to buy winds down. Wholesale prices fell by – 0.57% in early June. Sub-compact and compact SUV prices fell the most, with prices falling by as much as – 0.79% in 7 days. That’s a larger decline than the week before for most segments.
Retail used car prices are still increasing
As the data above shows, retail used car prices are still rising in June, despite wholesale prices falling sharply last week.
As wholesale price trends bleed over to retail markets, we expect to see a dip in retail used car prices in four to eight weeks. Used car and truck segments seeing larger price drops are likely to feel the effects of falling wholesale values sooner.
Tariffs add complexity to both the new and used car markets. If tariffs truly end up ‘breaking’ the car market, we could see a major deviation from historical patterns, much like we did in 2020 and 2021.
See which new cars are impacted by tariff price increases with our Tariff Checker.
The purple outlier on the graph is 2021, when used car prices climbed to records as the new car market suffered severe shortages. It’s good news to see 2025 used car prices following historic norms, at least so far. It’s possible that tariffs on new cars could create used car market chaos in 2025. That remains to be seen.
How long does it take to sell a car in 2025?
Used cars are selling faster than they have in recent years. In the graph below, you can see how the retail days-to-sell metric has been falling over the past few months.
According to Black Book, the estimated Used Retail Days-to-Turn is now at 34 days. In other words, it take 34 days to sell a used car on average in 2025. Just a few months ago, this number was at 43 days. Of course, cars in higher demand will sell quicker, and those with less demand can take considerably longer.
New Car Price Trends (Monthly Updates)
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Older used cars have appreciated most
A new phenomenon we have begun tracking is that older used cars are appreciating more rapidly than younger used cars.
This is primarily a function of consumer demand. Retail customers that want to purchase a car at a sub $20,000 price-point are being forced to look at older used vehicles because the new ones have increased in value beyond their budget. This is scary, crazy, and a whole host of other words.
How much did used car prices increase back in 2021?
How did used car prices get so high? To find the answer, we simply need to remind ourselves of the car shortages of 2021. Depending on who you ask (Cox Automotive, Edmunds, CarGurus, or Black Book), retail used car prices increased anywhere from 32% to 36% in 2021.
Black Book shows a 35% increase in retail used car prices for 2021 (the purple line). For comparison, the orange line shows a 7% appreciation for used car prices in 2020, and the blue line shows a 3% depreciation of used car values for 2019.
Here’s a month-over-month table showing used car price trends for 2021:
| Month | Average Used Car Price |
| January | $22,112 |
| February | $21,573 |
| March | $21,343 |
| April | $22,568 |
| May | $24,414 |
| June | $25,101 |
| July | $25,500 |
| August | $25,890 |
| September | $26,548 |
| October | $27,067 |
| November | $27,569 |
| December | $29,000 |
This data, supplied by Cox Automotive, shows the incredible ascent used car prices took in 2021.
Wholesale used car price trends are even crazier
Every used car has two prices; the wholesale price, and the retail price. As consumers we typically concern ourselves with the retail price, and with good reason, unless you have a dealer’s license you can’t buy a car wholesale at an auction.
That being said, wholesale used car prices are the lifeblood of car dealers, and the used car price trends we saw on the wholesale side in 2021 were truly unfathomable. While retail used car prices increased ~36% in 2021, wholesale used car prices rose 52%.
There is an obvious interplay between wholesale and retail prices. As wholesale prices increase, we can expect retail to prices to do the same.
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Interactive data
Thanks to our friends at foureyes, we can share with you this real-time updating data set on used and new car prices.
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How will the recent hurricane be affecting auto prices on the used car market. Will there be concerns over cars that may have been declared a total loss on the used car market?
My vote is definitely team Pops/reality
I like to be an optimist but these are most extraordinary times and the economy being the way it is and God knows getting worse I don’t see the used car market (far more affordable than new cars) going anywhere but up.
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Great insights in this post! It’s really helpful to see the data on used car price trends, especially with the fluctuations we’ve been experiencing. I’ll definitely be checking back weekly for updates as I’m in the market for a used vehicle soon. Thanks for keeping us informed!
Every single vehicle (used $35k-42k range) that I have been watching as a potential purchase just increased by $1000-$2000. Deep South. Very discouraging and not at all indicative of what I read/see on CarEdge. Then when you see the listing include “$500 price drop” ….from the new price?!!! Sickening and ready to give up and buy a piece of junk for $1500