Jacobin on MSNOpinion

The Used Car Market Is Imploding

What’s going on with the used car market? To answer this question, we first need to know that it’s about more than secondhand ...
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Americans are snatching up used cars. Elevated new car prices could continue to spur demand for older vehicles and, as a result, used car parts. Advance Auto Parts still has a long road ahead.
After over two years of a demand freefall in the used car market, prices have suddenly increased, indicating a change. While the price increase isn't dramatic, it could hint at what consumers should ...
The upcoming 25 percent tariff on imported vehicles and parts is expected to create new pressure on the used-car market, potentially sending already high prices even higher as more shoppers find ...
New car sales bottomed out in 2022, the peak year of COVID-19-era shortages that hobbled assembly lines. Now, that slow year for new cars is coming back to haunt used car shoppers. The three-year-old ...
A buyer with $20,000 looking for a late model used car will have a hard time finding one. The average list price for a used 3-year-old vehicle is now $32,600, up nearly $9,500 since 2019. Some tips in ...
President Trump is ordering a 25% tariff on all imported cars, beginning next week. The move is intended to boost domestic auto production. But it will likely also make it more expensive to buy a new ...
The 25% tariffs on imported cars will take effect next week. Auto tariffs announced by President Donald Trump will likely raise car prices by thousands of dollars, while hiking costs for repairs and ...