Ivan Drury
Director of Insights
See Edmunds' testing procedures that power our industry-leading car reviews.
3-Year-Old Used Vehicle Prices Surpass $30,000 for the First Time Since 2023 as Supply Pressures Mount
May 22, 2025
The gap between new and near-new vehicle average transaction prices is closing as the predicted shortage of off-lease vehicles coupled with weaker supply of near-new trade-ins is shorting supply, all while weak demand on new vehicles caps pricing.
By Ivan Drury
The chip shortage-induced new vehicle supply shortage that began with the pandemic is rearing its ugly head — this time in the used market. Edmunds data and analysis highlights the close relationship between the new and used auto market and why we shouldn’t expect used car prices to drop in 2025.
By Ivan Drury
Average Price Gap Between New and Used Vehicles Surpasses $20K for the First Time Ever in Q3
Oct 29, 2024
New transaction and survey data from Edmunds highlights why many shoppers expecting to buy a new vehicle will likely turn to the used lot for their next deal as the average price gap between the two markets widens to the largest margin ever recorded.
By Ivan Drury
A normalizing used market is fueled by top-down pressure from new car discounts, with secondhand EVs receiving a heavy dose of reality.
By Ivan Drury
A resurgence of buyers is revitalizing the new and used car markets in Q1 2024, as increased vehicle supply and cooling prices lure previously hesitant consumers back into showrooms.
By Ivan Drury
Surging Demand in Used Car Market Unfazed by Rough Conditions, Fewer Gently Used Vehicles Available
Aug 28, 2023
The Q2 2023 Used Vehicle Report from Edmunds reveals that shopper demand is strong in the used market despite still-elevated pricing and mixed economic signals.
By Ivan Drury
Used Car Prices Remain Stubbornly High
May 16, 2023
A new report from Edmunds reveals that used vehicle prices have slightly cooled from all-time highs, but a number of headwinds continue to create unfavorable buying conditions in the used market for car shoppers.
By Ivan Drury
The car shopping experts at Edmunds forecast the number of new cars and trucks that will be sold in the U.S. in the third quarter of 2021.
By Ivan Drury
