Lease returns pushed used hybrid and EV prices down for a second month while SUV and van prices climbed. Average listing prices for used vehicles on Carfax rose 0.1% in October, a flat month for the index overall, as declining prices for used hybrids and electric vehicles offset gains for SUVs and vans and minivans, […]
Carfax Finds Unfixed Recalls on More Than a Quarter of Taxis and Rideshares Checked
Carfax found at least one unfixed safety recall on about 27% of the taxi and rideshare vehicles it examined across 16 major U.S. cities and the state of Maryland, compared with roughly one in five vehicles nationwide. The company analyzed nearly 438,000 vehicle identification numbers drawn from registered taxi and rideshare fleets and released the […]
Carfax Used Car Index Rises 0.1% in July
Rate of increase down from levels earlier this year. Used-vehicle listing prices on Carfax rose 0.1% in July, an average of about $50 per vehicle, the smallest monthly increase in several months and an indication that the run-up in used-vehicle values that carried through the spring has largely stalled, according to data released by Carfax. […]
Mobility Global Completes Separation From S&P Global
Mobility Global Inc., the automotive data and analytics business spun off from S&P Global Inc., completed its separation July 1 and began trading the same day on the New York Stock Exchange under the ticker symbol “MBGL.” The new independent public company’s portfolio includes Carfax, automotiveMastermind, Polk Automotive Solutions and Market Scan, serving vehicle manufacturers, […]
Carfax Used Car Index Rises 1.3% in June as Price Increases Level Off
Used-vehicle listing prices on Carfax rose 1.3% in June, an average of slightly more than $350 per vehicle, a marked slowdown that suggests the run-up in used-vehicle values may be starting to level off even as prices continue to climb across every segment, according to data released by Carfax. The June increase was less than […]
UVeye Integrates Carfax Service and Recall Data Into Vehicle Inspection Platform
UVeye has integrated Carfax vehicle history data into its automated drive-through inspection platform, allowing dealerships to pull maintenance records, recall information and condition insights the moment a vehicle enters the service lane. The integration pairs UVeye’s computer-vision inspection systems — which scan a vehicle’s tires, underbody and exterior as it passes through — with Carfax […]
Carfax Used Car Index Rises in Every Segment in May, Led by Hybrids and EVs
Used-vehicle listing prices on Carfax rose across all seven vehicle segments tracked by the company in May, with the cross-segment month-over-month increase averaging 3.1% — more than $870 per vehicle — and hybrids and electric vehicles posting the largest gain at 4.6%, or roughly $1,450 per listing, according to data released by Carfax. For collision […]
Used Car Prices Hit 18-Month High, Narrowing Gap with New Vehicles
CARFAX used car index climbing as used vehicle inventory remains below pre-pandemic levels. Average used car prices climbed to nearly $25,000 in recent months, representing an $1,300 increase over prices 18 months ago and the highest level since spring 2024, according to data released by CARFAX. According to the company the data shows an unusually […]
Urgent ‘Do Not Drive’ Recalls Spike 65% Since Summer 2024
CARFAX reports vehicle manufacturers are increasingly warning owners not to drive vehicles due to safety defects. The number of critical “Do Not Drive” recalls has jumped more than 65% since the summer of 2024, to 725,000, according to a report by CARFAX. Vehicle manufacturers working with the National Highway Traffic Safety Administration (NHTSA) issue “Do […]
CARFAX Reports Up to 45,000 Vehicles Flood-Damaged in Mid-Year Storms
CARFAX estimates up to 45,000 vehicles sustained flood damage from storms between April and July, with many expected to enter the used car market as hurricane season begins to ramp up. Heavy rains and flash flooding affected thousands of cars in Texas, Kentucky and West Virginia during the period. The National Oceanic and Atmospheric Administration […]