Truck prices fall in latest Carfax report

Pickup truck prices fell approximately $700 in September, according to the latest Carfax Used Car Index.

Trucks are down $1,700 from its highest point in May at $36,149.

“It’s still roughly $2,400 higher than the 12-month low set back in January,” Carfax reported.
Luxury SUVs were down $500 in September and are down $1,500 since May.

“Over the last three months, the average price for these fancy family haulers has dropped by about $500 each month,” Carfax reported.

Hybrids and EVs fell by $100 to $31,720.

Vans and minivans had the largest increase of the seven categories reported by Carfax, rising by $400 to $24,554.

Carfax points out most vehicles saw only minor changes in price in September.

“While the story from the past couple of months has been one of across-the-board price declines, we’re starting to see some price increases, suggesting that we’re approaching a leveling-off period,” Carfax noted. “The UAW strike may put enough pressure on the supply of new cars that used-car prices start to climb in response to demand, especially as more suppliers have to shut down, delaying production for other automakers besides the Detroit 3.”

Cars were the only category under $20,000 at $19,797.

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