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News Articles: used cars

A pickup truck is raised for display at a car dealership in Alhambra, California, on March 27, 2025. After President Trump announced significant tariffs on imported vehicles and parts, automaker stocks fell sharply. But sales at dealerships rose, at least in the short-term, as buyers try to get ahead of the anticipated price spikes in the coming months.

Tagged as: 

  • Business

Tariff chaos sends some drivers racing to buy, while others pump the brakes

With tariffs on cars, materials and parts threatening to send auto prices up, some shoppers are racing to lock in vehicles at pre-tariff prices. Others plan to drive their current rides into the ground.

April 10, 2025
|
By:
  • Camila Domonoske
A customer shops for meat at a Safeway store in San Rafael, Calif., on April 12, 2023. Consumer prices eased slightly in April from the previous month but are still too high for the Fed's comfort.

Tagged as: 

  • Economy

Inflation stayed high last month, compounding the challenges facing the U.S. economy

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

May 10, 2023
|
By:
  • Scott Horsley
Brand-new Nissan vehicles sit on a sales lot in Richmond, Calif., on July 9, 2021. Car prices surged during the pandemic, and despite coming down from their peak, they still remain higher than a few years ago.

Tagged as: 

  • Business

Why car prices are still so high — and why they are unlikely to fall anytime soon

The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. This is a look at today's deeply weird auto market.

March 18, 2023
|
By:
  • Camila Domonoske
Johnny Navarro sits on the hood of his recently purchased 2014 Lexus.

Tagged as: 

  • Business

Monthly car payments have crossed a record $700. What that means

The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America.

July 02, 2022
|
By:
  • Brittany Cronin
Used Challengers sit in a long line at a Dodge dealership on Jan. 24 in Littleton, Colo. Used car prices may be peaking and that could help reinforce hopes for easing inflation.

Tagged as: 

  • Economy

Inflation Is Still High. Used Car Prices Could Help Explain What Happens Next

A surge in prices of used cars was a major driver of inflation again in June, but there are some signs those price hikes may be shifting into reverse.

July 13, 2021
|
By:
  • Scott Horsley
Used cars sit on the sales lot at Frank Bent's Wholesale Motors in El Cerrito, Calif., on March 15. Supply chain snarls and pent-up demand are driving up the prices of a lot of things, including new and used cars.

Tagged as: 

  • Economy

Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why

The Labor Department says consumer prices jumped 5% for the 12 months ending in May. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.

June 11, 2021
|
By:
  • Scott Horsley
Used vehicles are parked on the sales lot at a CarMax store on Sept. 24 in Colma, Calif. CarMax reported a surge in earnings after used-car prices climbed steadily — and surprisingly — for months.

Tagged as: 

  • Business

A Pandemic Sticker Shock: Used-Car Prices Are Through The Roof

The supply of used cars is tight, while demand is high. That can provide a big boost to car owners thinking of selling, but it can make affordable vehicles hard to find.

October 28, 2020
|
By:
  • Camila Domonoske

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