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Used Car Prices Continue to Climb

Used Car Prices Continue to Climb

by admin
August 13, 2025
in Market
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There was a glimmer of hope lower than a 12 months in the past when used automotive costs began falling. Whereas they remained excessive above pre-pandemic ranges, costs had been on a downward pattern.

Nonetheless, over the past a number of months, used automotive costs have elevated as soon as once more. The typical value of a one- to five-year-old used automotive is now 3.7 p.c extra in July 2025 than it was in July 2024.

In response to a brand new iSeeCars examine, costs have been growing since March, rising 1.0 p.c year-over-year for that month. They jumped by 1.8, 2.9, and 4.8 p.c in April, Could, and June, respectively, after having steadily declined for 2 and a half years. Comparitively, used automotive costs decreased by 4.8 p.c in August 2024 in comparison with August 2023, with the typical used automotive costing simply $30,228.

Topping the record of used automobiles which have seen the very best value will increase is the BMW 4 Collection, which jumped by 30 p.c year-over-year by a whopping $9,370. The Porsche Cayenne (22.3 p.c) and Land Rover Discovery (20.4 p.c) had been second and third, respectively.

MonthCommon Value$ 12 months-Over-12 months% 12 months-Over-12 months
July$31,770$1,1463.7%
June$32,437$1,4974.8%
Could$32,317$6302.0%
April$32,231$5591.8%
March$31,624$3171.0%
February$31,257-$239-0.8%
January$31,731-$250-0.8%

Total, costs climbed to $31,770 in July, with prospects paying about $1,200 extra for a automotive than they might have the 12 months earlier than. iSeeCars Govt Analyst Karl Brauer pointed to a mix of excessive new automotive costs and tariff uncertainty, which is growing demand for each new and used autos, elevating costs for everybody as inexpensive used automobiles disappear from the market. Brauer notes:

‘Shopper demand for used automobiles stays sturdy, outstripping provide and driving costs up for 5 months in a row. For consumers ready to get a deal on used automobiles, it seems they waited too lengthy in the event that they didn’t purchase earlier than March.’

Used EV Costs Stabilize

For those who’re searching for an excellent used deal, you would possibly take into account an electrical automobile. Costs proceed to drop for that phase, though they’re stabilizing. EV costs had been down simply 1.3 p.c in July after falling 4.8 p.c in June, 8.8 p.c in Could, and 10.1 p.c in March. It’s a dramatic shift from August 2024, when used EV costs had been down 24.7 p.c year-over-year.

Tesla fashions proceed to lose probably the most worth, with the Mannequin S, X, and Y taking the highest three spots for probably the most vital value drops. Costs for the three had been down over 12 p.c in July.

iSeeCars analyzed over 1.5 million one- to five-year-old used automobiles offered in July 2024 and July 2025 and in contrast the typical itemizing costs.



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