This video was first publish on Car Coach Youtube Chanel
Here’s some good news for anyone shopping for a used car. Used car prices are falling fast. According to the Manheim Used Vehicle Value Index, which tracks wholesale used car prices sold at Manheim auctions, prices fell 4.2% in June compared to May, which is the largest drop since the pandemic began. If you compare it to a year ago, they’re down 10%. We think that used prices could be dropping because as new car inventory goes up, more people are deciding to buy new cars instead of a used one.
The car buying and selling market is always fluctuating. This month the average car prices are now holding steady at or below sticker for new cars. However, the average new car cost is $251 more in May than in April. New car prices have essentially stayed flat for three months. That sounds like great news after two years of chaos and bad headlines. But these prices are out of reach for so many people. So what happened in June?
Stay tuned as we reveal tips and strategies on how to leverage this unique moment to secure the best deal on a used car. Don't miss out on this exclusive report that could save you thousands of dollars! Subscribe to our channel now for more intriguing updates on the automotive market and other fascinating topics.
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00:00 #Breaking: Massive Drop in Used #car Prices
01:16 average new car price
03:00 #tesla prices
04:00 largest price decline
05:02 Comments and questions
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