Used Car Prices Fall to Lowest Levels in Four Years, Says Edmunds.comJoe SpinaJeannine FallonAaron LewisStephanie Mar
"New car prices, used car prices, old used cars, trade-ins, I don't care what it is. If you're looking at car anything, it's getting expensive," Edmunds.com senior manager of insights Ivan Drury told FOX Business’Jeff Flock. The car value expert reacted to the recent U.S...
Edmunds.com provides used car prices back to 1990. A service to receive an appraisel price is available for cars from 1980 to 1989. Comparing Blue Book Values When establishing the value of any vehicle, compare as many values from different sources as possible. Since values change over time ...
New car prices skyrocketed by 33% over the last five years and the average transaction price rose to $47,713 in March, according to Edmunds. At the same time, consumers have also been dealing with more expensive financing terms. This combination of factors could grow the demand for more aff...
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The main factor pushing up used car prices in recent weeks is scarcity, according to Edmunds' Caldwell, who said nearly all of the regular sources of used cars have been disrupted by the pandemic. Fewer new car sales in the past year means fewer trade-ins. People are extending their leases...
The car experts at Edmunds have identified five top picks for used car, truck and SUV hybrids based on Edmunds’ testing, fuel economy and overall value. The prices listed are what you can typically expect to pay at a nationwide no-haggle dealership such as CarMax or Carvana. Small car...
Rising costs mean consumers may have to shift away from the big, tech-heavy vehicles they like and go for more affordable options, like used cars, according to Edmunds. (iStock) High interest rates and rising new car prices may drive consumers to search for more affordable options like use...
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Analysts have expected used-car prices to drop as more off-lease vehicles hit the market. But in the first quarter, the average transaction price of a used vehicle climbed 2.2% year-over-year to $19,657, according to analysis by Edmunds. More from FOX Business Ford, GM assess China tarif...