Average Price of Used Cars in U.S. Drops 4 Percent Year-Over-Year

[clasione]

Cox Automotive: Average Price of Used Cars in U.S. Drops 4 Percent Year-Over-Year
According to a new report by Cox Automotive, the average price of a used car in the United States was $25,540, which represents a slight increase from the month prior but a 4 percent drop year-over-year. F

Cox Automotive: Average Price of Used Cars in U.S. Drops 4 Percent Year-Over-Year - Auto Buyers Market

ATLANTA, GA - According to a new report from Kelley Blue Book parent company Cox Automotive, the used car market – formally a safe haven for cash-strapped consumers looking to save money as opposed to opting for more expensive new vehicles – continues to be far less affordable than it used to...

www.autobuyersmarket.com

 

[King Belieal]

Technology has advanced and most of those used cars are becoming less demanded because people want cars with latest technology. That's why the prices of used cars in the US would keep depreciating.

 

[riberet19]

This is good news for Americans, especially those who want to buy second-hand cars, it may be that people are buying more and more new cars than second-hand cars.