Used car prices are once again on the rise, with many models approaching record highs. However, a double-edged sword is emerging in the market: while prices are increasing, the rate of depreciation is accelerating, and a growing inventory of off-lease vehicles is poised to flood the market. According to data from Edmunds, the used car market is facing a perfect storm of factors that could mitigate the upward pressure on prices, making it a crucial time for buyers to navigate the market. As the off-lease inventory grows, consumers may find more options and better deals, but sellers will need to adapt to a shifting landscape.
Used Car Prices Approach Records, But Steeper Depreciation, Growing Off-Lease Inventory Offer Some Relief Edmunds
