Used Car Prices May Be Ready to Drop
The wholesale prices dealers pay for used cars fell in July, which is often a sign that retail prices will fall soon.
The wholesale prices dealers pay for used cars fell in July, which is often a sign that retail prices will fall soon.
Now that the White House has released trade deals with several countries, many automakers think tariffs are here to stay.
The U.S. and South Korea have agreed to a trade deal lowering tariffs on South Korean goods, including cars, to 15%.
Automakers have begun reporting financial results from the first half of the year. Several are projecting large losses, and blaming tariffs.
Dealers paid less for used cars at auction in early July — often a sign that retail prices are set to fall soon.
Porsche has increased prices across its 2026 lineup for the second time in just four months.
The average new car buyer in America paid $48,907 in June, about $108 more than in May. Asking prices went down.
Ford will end its employee pricing plan, but replace it with $0 down, 0% interest, and 0 payments for 90 days
Car dealers paid just 1.6% more for used cars at auction last month, meaning price inflation is relatively normal.
New tariffs on Japanese and South Korean imports will raise car prices, but not by much, as cars were already heavily tariffed.