Used Car Prices Fall in September as Demand Shifts Toward EVs and Compact Cars

CNBC reports on September trends in the U.S. used-vehicle market, using Cox Automotive’s Manheim data to outline where prices fell and where demand pushed prices higher. The segment focuses on category-level changes and what they suggest for buyers and sellers.

■ Price moves by vehicle type
- Overall used-car prices declined in September.
- Pickup trucks and SUVs recorded the largest drops, at about 4.3% to 4.4%.
- Electric vehicles and compact cars rose in price as demand increased.

■ Demand and market signals
- Rising fuel prices and consumer interest in fuel efficiency are linked to the shift in demand.
- Sellers of EVs or compact cars may find improved pricing opportunities.

Viewers interested in used-car market conditions, vehicle category demand, and buyer/seller considerations can use the segment as a brief overview. It provides context for following price trends but does not offer a full market forecast.