How Much Will Used Car Prices Drop In 2024au. The average price of used luxury cars has been below $30,000 since the beginning of this year, while used vans & minivans are approaching the $20,000 threshold. This is a 3.5% drop from what they were a year before, but many buyers are still put off by.
The company expects used car prices to drop by 10 per cent overall this year, though this decline could be accelerated if the economy performs worse than expected or if rising rates deter. This suggests that new car prices might drop in 2024.โ one.
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