Tariffs Add Fuel to Hot Used-Car Sales
CARLETON, Mich.—Used cars haven't been in such short supply at such high prices since the days of Covid.
Dealers had a 43-day supply of used cars at the start of May, the lowest level for this time of year since 2021, according to Cox Automotive, an automotive-service business. The average price of the 50 bestselling used cars in the U.S. has increased each week over the past two months to nearly $29,000, according to Cox Automotive data. That compares with an average of more than $48,000 for a new car.
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