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Edmunds: What you need to know about rising used car prices
- Used car prices are rising again due to tight supply and cautious buying, according to the latest Edmunds’ Used Car Report.
- The average transaction price for a three-year-old used vehicle has reached $30,522, marking a 2.3% increase from last year.
- This marks the first time since mid-2023 that prices have surpassed the $30,000 mark.
- The average used vehicle spent 38 days on a dealer’s lot before being sold in early 2025.
- The used car market in 2025 remains unpredictable.
26 Articles
26 Articles
Associated Press News
Edmunds: What you need to know about rising used car prices
Used car prices are climbing again, driven by tight supply and cautious buying. According to Edmunds, 3-year-old vehicles now sell for more than $30,000 on average, an increase of more than 2% from a year ago.
Although not the latest version, the selling price of used Mazda CX-5 cars on the market is higher than the listed price of brand new cars.
Canadian used wholesale market prices slip -0.32%
Pricing in the Canadian used wholesale market was down -0.32% for the week ending on June 28, according to Canadian Black Book. Its data report shows prices slipped lower from the prior reporting period, when pricing was -0.19%. Both car segment prices and trucks/SUVs segment prices decreased by the same amount: -0.32%. Cars were down -0.06% the prior week, while trucks/SUVs were down -0.29%. The only positive segments overall were minivans at +…
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