Used car deflation is back
Used vehicle prices fell in 2023. New car prices have been climbing, but more slowly than in 2022.
Year-over-year percentage change in Consumer Price Index categories
Line chart showing that used car inflation peaked at 45 percent in mid-2021, remained rapid in 2022, and has over the past year fallen into deflation. New vehicle prices were climbing rapidly in price, but those cost jumps have eased.
