Used truck prices spike

July 2, 2025

Used truck prices surged by nearly $1,100 in June.

It was the largest increase for pickup truck prices since May 2023, according to the CARFAX Used Car Index.

“Pickup trucks have long been a popular choice for American shoppers. Today, though, there are fewer used vehicles available (partially as a result of the pandemic) and new pickup trucks cost more than ever. All of those forces combined to make used truck prices on CARFAX jump nearly $1,100 in June,” noted CARFAX.

With the 3.2 percent increase, truck prices were at $34,420.

Hybrid and EVs increased in price by $850 to $31,494 and have seen a spike in price of more than $2,300 since January.

SUVs saw a modest increase in price of 0.9 percent to $24,082. Cars were up 1.4 percent to $18,234. Vans were the lone category to see a price decrease, falling 0.6 percent to $22,478

NIADA Author

The National Independent Automobile Dealers Association (NIADA) is among the nation’s largest trade associations, representing the used motor vehicle industry comprised of some 40,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA’s grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry. For 75 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA, visit www.niada.com.