Trade War Fallout — Used Car Prices Rise While Overall Inventory Plummets

Trade war fallout — Used car prices rise while overall inventory plummets

U.S. tariffs — both real and threatened — are being blamed for a decline in North American vehicle production, resulting in a significant decline in vehicle inventory in both the used and new car markets, according to Auto Trader’s second quarter price index report.

Used Cars for Less Than $20,000 Are Phasing Out: Report

The days of buying a later model pre-owned vehicle for less than $20,000 may soon become history, according to a new report. Used cars listed for under $20,000 comprise 11.5 percent of today’s three-year-old market, down from 49.3 percent in 2019, according to the report from iSeeCars.com, an online car search and research firm. The company analyzed more than 2.6 million three-year-old used cars and found that average prices have risen almost 41…