Used Car Price Forecast 2025
Used Car Price Forecast 2025. Trading economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. That’s according to research by auto.
Moody’s analytics expects used car prices to fall 12 per cent across 2023 and a further 7.6 per cent in 2024 before stabilising in 2025. In addition, the used vehicle market.
A Recent Study Conducted By The Car Insurance Comparison App Jerry Found That The Used Car Market Won’t Recover In The Foreseeable Future.
Here’s a closer look at why that is, when we can expect prices to (finally) drop and what to do if you’re hoping to buy a used car sooner rather than later.
The Following Are Some Of Our Predictions For Car Price Trends And Other Used Car Market Trends In 2024.
So far in 2024, we’ve seen 19 weeks of dropping prices, and 8 weeks of rising prices.
Used Car Price Forecast 2025 Images References :
That’s According To Research By Auto.
Used car prices have likely peaked, but new car prices are expected to.
The Growth Is Mainly Due To The Rising Internet Penetration, Which Makes Information On Used Cars Easily Available.
According to carguru, consumers might see a new baseline price of $24,700 for used vehicles in 2024.