Rising Used Car Prices Are Nice for Sellers, But Not Here to Stay
The Manheim Used Car Index has increased for two consecutive months for the first time since Winter 2021.
It’s a Christmas Miracle if you’re trying to sell a car.
Used car price drops have been hard on sellers this year...
Gas prices have been reliably falling month over month since this summer’s record highs. Last week, 22 states had an average gas price under $3.00. Texas led the way with an average gas price of $2.70.
Demand Is Still Lower than Last Year
Current gas demand in the US is still 300,000 barrels...
In October, cars on the Carmigo marketplace sold for about 30% more than what Vroom and Carvana offered, which comes out to thousands of extra dollars on nearly every car we sold last month.
In fact it’s about $2,500 on average more than the Vroom and Carvana were willing to offer.
But that’s...