sed car prices increased in August over July as a result of heightened demand and a shortage of new car inventory from coronavirus pandemic-related production interruptions.

According to’s analysis of nearly 1 million used car sales in July and August, used car prices in August saw an average increase of 4.1 percent or $941 compared to July. 

Some vehicle segments had higher price increases than others--namely luxury cars and sports cars--while economy cars and sedans saw price decreases. 

“Dealers don’t need to be as competitive with the pricing of luxury and higher-priced vehicles because shoppers at these price points likely aren’t as bargain-conscious as those looking for more affordable and practical used cars,” said iSeeCars CEO Phong Ly. “Subcompact cars are the lowest-priced used cars available, so it’s likely that shoppers interested in these vehicles are looking for a deal.”

Read Article

Study Reveals These Used Vehicles Are The Most Demand - If You Have One, NOW Is The Time To Sell

About the Author


User Comments


Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img][/img]