When Will Used Car Prices Drop 2024 Nj

When Will Used Car Prices Drop 2024 Nj. New car prices have been falling in 2023, down 3.5% since their peak in december 2022. Data firm cox automotive predicts that wholesale prices on its manheim used vehicle value index, which measures prices of used vehicles sold at its u.s.

Used car prices are still falling in january but there are plenty of reasons to be positive about the market in 2024, believes auto trader’s ceo. The good news is that there is consensus among some authoritative sources that used car prices will fall.