Jakarta (ANTARA) - Used car prices in the United States are rising\nagain and reaching the highest level since mid-2023, in line with\nincreasing demand and limited supply in the market.<\/p>\n
Citing Carscoops on Sunday, a Cox Automotive report shows the Manheim\nUsed Vehicle Value Index rose to 215.3 in March 2026. This figure\nincreased by 6.2 percent year-on-year and 1.4 percent compared to the\nprevious month.<\/p>\n
This rise is considered unusual, given that March is generally a\nstable period for used vehicle prices.<\/p>\n
The data reflects wholesale prices, namely dealer-to-dealer prices at\nauctions, which are typically lower than the retail prices paid by\nconsumers.<\/p>\n
Cox Automotive noted that the average used car price stood at around\n$25,287 (Rp432 million) in February, far lower than new cars which\nexceeded $49,100 (Rp839 million). This price gap continues to drive\nconsumers towards the used vehicle market.<\/p>\n
On the other hand, the supply of used vehicles remains limited.\nWholesale stock is sufficient for only about 24.5 days, while retail\ninventory has fallen below 40 days. This situation is worsened by\ndeclining new car sales, which impacts the number of trade-in\nvehicles.<\/p>\n
Additionally, the number of vehicles from rental fleets increased by\n7.5 percent year-on-year, which also affects market dynamics across\nvarious segments.<\/p>\n
The price increase is also evident in the electric vehicle segment.\nThe electric vehicle index rose 7.9 percent year-on-year and 3.7 percent\ncompared to February, surpassing the increase in petrol-powered\nvehicles.<\/p>\n
Luxury vehicles recorded the most significant rise, while compact\ncars and trucks experienced slower growth. Nevertheless, all used\nvehicle segments show an upward trend compared to the previous year.<\/p>\n
Cox Automotive\u2019s chief economist Jeremy Robb stated that used vehicle\nprices are expected to remain stable heading into the summer, supported\nby strong demand.<\/p>\n
\u201cAs we enter the summer, we expect used vehicle values to hold\nsteady, with many consumers yet to file their tax returns this year,\u201d\nRobb said.<\/p>\n
He added that although geopolitical conflicts in the Middle East\ncould potentially affect consumer sentiment, current data indicates that\neconomic resilience remains sufficiently strong.<\/p>\n
Cox Automotive projects used car sales in 2026 to reach 20.4 million\nunits, though this figure is expected to decline by around 1 percent\ncompared to the previous year.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/used-car-prices-in-the-us-experience-highest-increase-since-2023-1775998247", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }