The sequential rise in used-vehicle prices has slowed but continued in June, capping a first half that has prices four figures higher than they were to start the year.

That’s according to analysis around the latest CARFAX Used Car Index, which indicates used-car prices this month have climbed by about 1.3%, or a little more than $350.

That down from May’s month-over-month gain of more than 3% or nearly $900.

Despite the slowdown in growth for June, used-car prices have escalated “dramatically” for some segments during the first half, CARFAX said.

The prices of used pickup trucks, luxury cars and SUV are up more than $1,500 since the beginning of the year, while used van/minivan prices are up more than $2,000, CARFAX said.

And there’s been nearly a $2,800 spike in used luxury SUVs.

What’s more, the smallest increase has been for car prices — and even those are up $1,350.

But the most eye-catching increase has been the rise in used hybrid and electric vehicle prices, which are up over $3,600 year-to-date. That’s an 11.9% increase, CARFAX said.

“Those prices have been driven in large part by the jump in oil prices,” CARFAX editor-in-chief Patrick Olsen writes in the analysis. “It’s a little ironic, since interest in hybrids & EVs was anticipated to drop after the end of the federal tax credit.

“Instead, those high gas prices have reinvigorated the segments,” he said, citing a Reuters story.

Looking at June data specifically, SUV prices were up 0.7% month-over-month and 4.2% year-over-year.

Car prices climbed 2% from May and 7.6% from June 2025, while pickups were up 1.2% month-over-month and 2.7% year-over-year.

Luxury SUVs were up 0.9% from May and 4.9% year-over-year, whereas luxury cars were steady month-over-month but rose 12.6% year-over-year.

There was a 2.6% spike in hybrid/EV prices from May and a 8.3% rise from a year ago.

Van prices were up 1.5% month-over-month and 5.4% year-over-year.

So, what to expect going forward?

“It’s possible that used-car prices are starting to level off,” Olsen said, “but a lot will depend on economic factors, even beyond volatile gas prices.”