When Will Used Car Prices Drop 2024 Model

When Will Used Car Prices Drop 2024 Model. Used car prices are slowly falling as the average model now costs $31,153 which is 3.6% less than a year ago. Used car prices have likely peaked, but new car prices are expected to remain high.

Factors influencing used vehicle prices. Used car prices are expected to continue their decline throughout 2024, benefiting buyers looking for more affordable options.