Used Car Prices Rising Dramatically

The spike comes as manufacturers are struggling to meet demand for new vehicles.

June 15, 2021—Used car prices are reaching record highs, Fox Business reported. 

According to the Manheim Used Vehicle Value Index, prices have increased 48.2 percent over the last year. 

The overall average price for vehicles was $20,260, while light-duty pickups hit $30,590. Increases in wholesale prices typically lead retail by six to eight weeks, and Manheim had predicted that it would likely be July before the market started to normalize.

The price increase comes as manufacturers are struggling to meet demand for new vehicles. 

About the Author

FenderBender Staff Reporters

The FenderBender staff reporters have nearly four decades of combined journalism and collision repair experience.

Subscribe to our Newsletters

Latest in News

AASP/NJ
Northeast 2025 Education
Classes are filling up for the educational component of AASP/NJ’s NORTHEAST 2025 Automotive Services Show set for March 14-16 at the Meadowlands Exposition Center in Secaucus,...
March 11, 2025
pexelsgustavofring6720502
ADAS Network offers a dynamic space where professionals can access “just-in-time” information and connect with a global community of experts.
March 10, 2025
NABC
NABC 02
The presentation took place at the Joe Hudson collision center in Birmingham, Alabama.
March 10, 2025