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RAB Research Archive

Used vehicle prices hit record high, according to latest Edmunds Used Car Report



Shoppers seeking bargains on used vehicles might find them harder to come by when they head to the dealership this summer, according to the latest Used Car Report released by the experts at Edmunds. In the first quarter of 2018, the average transaction price for a used vehicle was $19,657. This reflects a 2.2 percent increase in sales price from the first quarter of 2017 and a 17.6 percent increase from the first quarter of 2013. Edmunds experts attribute this increase to the ever-growing supply of near-new vehicles coming off-lease and a greater demand for vehicles of all sizes and ages, thanks to shifting market factors.

Source: Edmunds



View or Download: https://www.edmunds.com/about/press/used-vehicle-prices-hit-record-high-according-to-latest-edmunds-used-car-report.html

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