Market Insights
Stay informed on used car market trends and make smarter buying decisions.
Current Market Trends
Used Car Prices Normalizing
-5.6% YoY
After the pandemic-era surge, used car prices are finally returning to normal. Average prices have dropped 5.6% year-over-year, creating better opportunities for buyers.
Best Time to Buy
Dec - Feb
Winter months (December through February) historically offer the best deals. Dealers are more motivated to negotiate at year-end and during slower sales periods.
Dec
Jan
Feb
EV Market Growing
+35%
Electric vehicles are gaining market share rapidly, with used EV sales up 35% this year. More affordable options are entering the secondary market as lease returns increase.
35% of new car sales
What This Means for Buyers
It's becoming a buyer's market. After two years of sky-high prices and limited inventory, the used car market is finally shifting in favor of buyers. Prices are down, inventory is up, and dealers are more willing to negotiate.
If you've been waiting to buy, now is a good time to start looking. The combination of falling prices and year-end dealer incentives makes winter 2024-2025 particularly attractive for car shoppers.
Our advice: Don't overpay. Use our market data to understand fair prices, check inspection reports before visiting, and don't be afraid to negotiate.
Smart Buyer Tips
Get Pre-Approved for Financing
Know your budget before you shop. Pre-approval gives you negotiating power and prevents you from falling in love with a car you can't afford.
Don't Rush the Process
Take your time. The right car will come. Rushing leads to overpaying or missing issues that a thorough inspection would catch.
Check the Inspection Report
On Cars4Sure, every listing has an inspection report. Read it carefully. Know exactly what you're getting before you visit the dealer.
Watch for Red Flags
If a deal seems too good to be true, it probably is. Be wary of prices significantly below market value or dealers who won't answer questions.
Test Drive Thoroughly
Drive on different road types — highway, city, hills. Test the brakes, acceleration, steering, and listen for unusual noises.
Understand Depreciation
Cars 2-3 years old often offer the best value. They've absorbed the steepest depreciation but still have plenty of life left.
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