ARFAX Used Car Index<\/a> for August.<\/p>\n\n\n\n\u201cThese remain popular segments, but clearly there have been enough of them to help drive their costs down over the past 2 years,\u201d said CARAX Editor-in-Chief Patrick Olsen in the report. \u201cThe average price of used non-luxury SUVs seems ready to drop below $23,000 for the first time since we launched the Carfax Used Car Index. The average price of used Luxury SUVs nearly hit $40,000 two years ago, but now they are going for an average of just under $34,000.\u201d<\/p>\n\n\n\n
SUVS are one of several segments to see significant drops in prices since July 2022. Used vans and minivans are down 16 percent, from $26,000 to $21,851. Cars fell from $20,617 to $18,226, 11.6 percent in the same period.<\/p>\n\n\n\n
The largest drop in the past two years was with hybrids and EVs, falling 26.3 percent from $40,373 to $29,735.<\/p>\n\n\n\n
\u201cThat may well be because gas prices have also tumbled since then, when the national average for a gallon of regular gas topped $4.27; it\u2019s now roughly $3.50,\u201d Olsen noted.<\/p>\n\n\n\n
Pickup trucks have maintained their price, decreasing from $36,000 to $34,149 in the past two years.<\/p>\n","protected":false},"excerpt":{"rendered":"Prices for popular used SUV models have dropped nearly 15 percent in the past two years, according to…\n","protected":false},"author":1,"featured_media":3440,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":{"0":"post-5014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/5014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=5014"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/5014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/3440"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=5014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=5014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=5014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}