The average used-vehicle listing price climbed to $26,918 in May, the highest reading since mid-2023, even as the retail sales pace slowed, according to Cox Automotive’s analysis of vAuto Live Market View data. The figure was up 6.0% from a year earlier and 2.2% from April’s revised $26,329, marking the third consecutive month of above-normal gains.
For collision repairers and auto insurers, used-vehicle retail prices feed directly into the actual cash values insurers assign to damaged vehicles. Higher used values raise the repair-cost threshold at which a vehicle is declared a total loss, tending to keep more damaged vehicles
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.