CARFAX: Used Car Sales Continue Surging Despite Soaring Prices

Buying A Certified Pre-Owned Car Can Save You Money Up Front And In The Long Run

In order for used cars to qualify as factory-certified CPO vehicles, they must meet certain criteria set by the automaker for things like mileage and age.

Still high but used vehicle prices stabilize

Canadian used vehicle prices have stabilized in recent times but still remain elevated. Meanwhile, electric vehicle pricing is still higher than what would be considered affordable to consumers. At a recent conference, an industry observer noted that prices are still 36 per cent higher than the benchmark set by Canadian Blackbook. Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book highlighted that…

CARFAX: Used Car Sales Continue Surging Despite Soaring Prices

Nationwide Used Cars Are Selling Twice As Fast As This Time Last Year

Consumers are flocking to buy vehicles before prices spike even higher.

Used Car Prices Are Exploding And Buyers Are Still Lining Up For Them

A new study has found used cars are selling more than twice as fast as this time last year. This comes despite surging used car prices and a worsening used car shortage. High demand and high prices are expected to continue, and tariffs will likely complicate things. Economists have warned that tariffs could result in issues that mimic those caused by the pandemic and chip crisis. This already appears to be playing out as CarFax says the “surge i…

U.S. used-vehicle inventory declines as prices rise amid strong sales

According to the latest vAuto Live Market View data, at the start of April, used-vehicle inventory levels declined month-over-month and compared to last year. The total used-vehicle supply across U.S. franchised and independent dealers fell to 2.14 million vehicles, down from 2.18 million in March and a 1% decrease year-over-year. Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox. Used re…