Used pickups, hybrids/EVs lead retail price increases in June

Pickup trucks and electric vehicles/hybrids.
They’re two segments that tend to either dominate sales and/or dominate headlines.
And often the discourse around fuel-efficiency and energy.
But in June, they have dominated used-vehicle price increases.
According to the latest Carfax Used Car Index, used pickup prices climbed almost $1,100 month-over-month in June, which is their steepest price swing in over two years. Carfax attributes their price surge to a combination of longtime popularity, pandemic-driven used-vehicle supply challenges and all-time highs in new pickup prices.
As for used hybrids and EVs, the segment had the most month-over-month price growth of any vehicle category in May (up $750 or 2.6%).
In June, the growth continued, with EV/hybrid prices up $850 from May, Carfax said. Since January, their prices have jumped more than $2,300.
Regionally, used pickups led the price gains in the Mid-Atlantic, Midwest, Plains, and South, according to Carfax.
In the Northeast, used luxury SUVs had the largest increase. In the Southeast and Southwest, hybrids and EVs led the way.
Out West, luxury cars and hybrids/EVs tied for the lead.
Looking at the overall data, prices in only one segment (vans, down 0.6%) fell from May. In the analysis, Carfax suggested that new- and used-car demand is somewhat soft and this may have something to do with consumers having to maneuver around price.
“Some analysts believe many families moved up their purchase to avoid price increases from the ever-evolving tariff situation,” Carfax editor in chief Patrick Olsen wrote in the analysis. “In fact, the average price of used vans & minivans — popular family haulers — fell in June, the only segment to do so, dropping around $100.”