Consumers have more used car options and are typically paying less for them than they were in the same period of 2023. If you were looking to buy a used car, especially a used electric vehicle, now might be your time. Prices are down, inventory (and thus choice) is up, and used car dealers are looking to get some transactions processed.
“The used car market prices are trending downward in a very predictable manner,” Ivan Drury, director of insights at Edmunds.com, said in a discussion with the Detroit Free Press. “These vehicles aren’t sitting on the lot for dramatic periods of time. Every time the vehicles go down in price, there are consumers there ready to buy.”
