|Looking at average results across all survey participants, dealers were quite evidently split on the question of used vehicle price changes. For passenger cars, 34% of dealers noted price decreases while 44% noted increases. The same was true for SUVs with 36% noting price decreases against 41% noting increases. This split extended to pickups which saw price decreases according to 39% of respondents against 36% that noted increases. In all three cases, stable prices represented roughly around one quarter of responses.
Azarov, D. (2023, August 10). Used Vehicle Update – Sales Expectations Decreasing. DesRosiers automotive reports.