Business

Used Car Prices Fall Amid Gas Price Surge

Updated 2026-05-07 14:35 UTC 1 source Neutral

Used car prices have fallen for the first time this year as gas prices spike and interest in electric vehicles rises, according to Cox Automotive. Affordability remains a key concern for buyers, driving demand for older vehicles and EVs.

Coverage timeline — 1 article

CNBC

Used car prices fall for first time this year as gas prices spike, EV interest rises

Cox Automotive reports affordability remains a key concern for buyers, which is driving increased demand for older vehicles as well as all-electric vehicles.

2026-05-07 14:18 UTC