Used vehicle supply has hit the lowest level since 2021, leading to appreciating prices and shrinking inventory as well as heightened uncertainty amid White House tariffs.
Dealers are experiencing affordability challenges due to the constraint in used-car supply, particularly at lower price points.
Prices for both wholesale and retail used vehicles have been steadily increasing despite a recent decline in the consumer price index report.
The top 50 US bestsellers in used vehicles have appreciated to an average of nearly $29,000 over the past two months due to increased sales and White House tariff impacts.