Used vehicle prices expected to increase in 2026, Cox reports
CNBC••business
Key Points:
- Cox Automotive forecasts a 2% increase in used vehicle wholesale prices by the end of 2026, indicating a historically stable rate compared to recent years.
- This projected rise contrasts with minimal increases in 2024 and significant declines in 2022 and 2023, following pandemic-driven price surges in 2020 and 2021.
- Although used vehicle prices remain elevated compared to pre-pandemic levels, the relative stability is favorable for potential car buyers.
- Monthly price fluctuations are expected to be minor, with typical month-to-month changes around 0.2%, influenced by seasonal and market factors.
- Lower auto loan rates and anticipated higher tax refunds in 2026 may boost demand in the auto market,
