Used vehicle prices rose 4.3% in February from January, according to a report.

Closing Bell

Report: Used Car Prices Rose 4.3% in February

Consumers looking for a used car deal this spring might be in for a disappointment. A new report by Cox automotive showing used vehicle prices increasing 4.3% in February from January About 30% above pre pandemic levels. Now, although prices did come down from peak levels a year earlier, experts warn their trending back toward record levels. Cox saying the average listed price of used vehicle was $26,510 in January down from the record $28,000 set last year while the used car market has been volatile since the pandemic, when supply chain shortages pushed supply down and demand up.