Used vehicle prices took a big jump in March.
Prices jumped by $450 or 1.7 percent from the end of February, according to CARFAX’s Used Car Index.
“Part of this is seasonal; prices also rose in March 2025, but not by as much,” CARFAX noted. “The average in 2025 was only about 1.1 percent, so this year’s jump is more pronounced.”
CARFAX pointed to tariffs on 2026 models, rising prices on new vehicles, and increasing demand for more affordable new vehicles as one of the factors for the spike in prices. There are also fewer lease returns hitting the used market as leasing hit its low point in 2022.
“With demand rising and supply remaining low, prices really had nowhere to go but up,” CARFAX reported.
Vans has the largest increase of 3.6 percent or $775 in the past month to $22,508. Popular SUVs jumped 2.3 percent or $515. Hybrids and EVs increased by $560 or 1.9 percent.
Pickups were the lone category to see a price decrease, falling by $20.
