US used car prices fall amid demand

Used car prices in the American market are declining more than expected during 2026, due to rising gasoline prices and inflation affecting consumers. Cox Automotive has lowered its growth forecast for the used vehicle market from 2% to 0.2%, with prices remaining relatively stable for the third consecutive time after a period of previous fluctuations. The Mannheim index dropped by 1.95% from July to September, with the average price of a used car around $27,239, compared to $50,000 for new cars. Meanwhile, demand for electric vehicles and fuel-efficient models has increased, while demand for large trucks and SUVs has declined.

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