U.S. Used-Car Prices on the Rise

May 21, 2019 at 2:49 PM

Used-car prices in the U.S. rose 2% in January-April compared with the same period last year, according to J.D. Power Valuation Services.

The service, formerly known as NADA Used Car Guide, notes that prices rose the most for SUVs and conventional passenger cars. Prices were mixed for luxury cars, rising 2% among small and midsize models but falling 3% and 5% for large luxury SUVs and cars.

In spite of unusually strong used-car prices in the past two months, J.D. Power Valuation Services predicts full-year prices will remain relatively flat compared with last year. The firm says that expanding supplies of used cars in the U.S. is being offset by strong demand for such vehicles.