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

https://www.autobuyersmarket.com/news/2024/04/23/average-price-of-used-cars-in-u-s-drops-4-percent-year-over-year/

 

[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.