Consumers shell out more for used cars, especially 3-year-old vehicles
Premium Content
Friday, May. 23, 2025, 03:03 PM
Joe Overby, Senior Editor
Pandemic-era new-car production cuts have trimmed late-model used-vehicle supply. Lease maturities have declined. Automakers have slowed discounts. This trio of market factors pushed average used-car prices in the opening weeks of May up $130 from a year ago to $29,168, according to analysis released Thursday by J.D. Power. Meantime, data from EpicVIN shows average used-car […]