Will Used Car Prices Drop In 2024. According to carguru, consumers might see a new baseline price of $24,700 for used vehicles in 2024. In 2023 and 2024, it’s the reduced supply of used cars that ensures prices will remain elevated.
Used vehicle prices averaged $27,472 in the second quarter, down from $29,742 a year earlier, according to data released wednesday by car research site. New and used car prices continued to fall in the first.
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