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30 sie 2023 · Understanding vehicle performance in terms of value in the used-car space can help OEMs address customer needs better while maximizing margins on future launches. They can leverage data and analytics in two main areas.
Key Points. Used car prices are softening but remain historically high. The average used vehicle transaction price in Q1 2023 dipped 6.4% year over year but is up 44% from five years ago. The pool of affordable used vehicles is shrinking, but the used market continues to offer value compared to new.
16 sty 2024 · Retail used-vehicle sales — the volume of vehicles sold via a dealership, thus removing private party sales — are estimated to be 1.37 million in December, down 3.7% from the 1.42 million recorded in November, with one more selling day.
12 paź 2022 · In this paper, we analyzed the United States used car market data to understand how factors like car brand, owner type, location, and mileage affect the price of used cars.
2 dni temu · Last updated Oct 31, 2024. Key Takeaways. The average price of a used car is $25,571 in 2024. Over the course of the year, used car prices have remained volatile, but have overall trended lower. Year-end new car sales may alleviate demand for used cars, sending prices lower in November and December. Spread the knowledge.
16 sty 2023 · The low supply of new cars caused an even bigger jump in the average price of used cars, as buyers who would otherwise buy new vehicles turned to the used car market.
Highest used vehicle prices ever. The 2016 average retail used price was $19,189—3.4% higher, year-over-year. This record breaking high can be attributed to a newer fleet: 58% of the used vehicles sold were three years old or newer. Consumers’ high demand for trucks and SUVs also contributed.
