Car Costs

Used car prices declined 0.3% in November M-o-M, are down 14.2% Y-o-Y, and are back at prices that prevailed over a year ago in 8/21. Compact cars enjoyed the smallest Y-o-Y decline at 10.5%, followed by vans and sports cars at 11.6%, and pickups at 11.9%. Mid-sized cars fell more than average at 14.4%, as did luxury cars that tumbled 15.6%, and the worst performers were SUVs/CUVs that weakened 16.4%.