After More Than a Year of Unprecedented Price Inflation, Used Car Market Beginning Its Road Back to Normal With consumers tired of paying record-high premiums for used cars, new CoPilot index tracks the road back to normal prices Chicago, IL – June 6, 2022 – While used car prices showed modest declines in early 2022, overall prices remain near all-time highs, at an average of $31,450, according to a new monthly report from CoPilot, the leading car shopping app.

As Consumer Interest Falters, Dealers Struggle to Move EV Inventory Off Lots While the UAW strikes did not impact overall car prices, they created additional roadblocks for traditional automakers’ burgeoning electric pushes Though both new and used car prices continue to fall, they remain more expensive than they were at the start of 2023 Chicago, IL – November 20, 2023 – The UAW strikes have created yet another obstacle for traditional automakers as they struggle to compete with Tesla’s dominant market share in the EV market, according to new data and analysis from leading AI car shopping app CoPilot.

Average Used Vehicle Age Over Time October 2023 The average age of a newly purchased used vehicle has been climbing over the past few years. The average used car purchased in 2023 peaked at 5.76 years old. That’s over a year older on average compared to just 4.65 years old in 2019!

Before You Buy — Used Car Shopping Tips & Tricks with Robert and Jeff CoPilot for Cars Podcast December 16, 2022 Looking to buy a used car soon? Don’t make a purchase before listening to these used car shopping tips & tricks! Used car terminology, tips & tricks with CoPilot’s car expert, Jeff. He explains what to look for when shopping for a used car, what different phrases indicate, and how to make sure you get the most bang for your buck.

Best & Worst Value Retention: By Brand and Model These value retention charts show the difference between a car’s average original MSRP and current average used listing prices after 5 years. This highlights how well the original value was retained over a period of 5 years for each model brand. The charts are organized by segment or class, highlighting the best and worst models and brands in each category.

Bumpy Road Ahead for Car Shoppers in 2025 The party is over for used car shoppers: While prices had dropped by 11% in 2024, they are likely to trend back upward in 2025 With the federal EV tax credit in jeopardy, consumers have rushed to buy EVs in the wake of the election, driving down new inventory by 20% in less than a month  Incentives will continue to ramp up as new car prices remains stubbornly high

BUSTING OPEN THE CAR DEALER PLAYBOOK A data-driven report on the practice of bait-and-switch pricing at car dealerships and the true cost of buying a car in the U.S. Data and analysis from leading AI car shopping app CoPilot Introduction: A $11.8 Billion Dollar Problem Few customer experiences can evoke as much anxiety, uncertainty, and frustration as walking into a car dealership. As a consumer, you may find the perfect car online at an advertised price within your budget, only to drive to the dealership to be met with an arsenal of psychological and emotional manipulation tactics – all with the express purpose of driving up the final purchase price without your full knowledge, understanding, or consent.

BUSTING OPEN THE CAR DEALER PLAYBOOK A data-driven report on the practice of bait-and-switch pricing at car dealerships and the true cost of buying a car in the U.S. Data and analysis from leading AI car shopping app CoPilot. By The Numbers: Key Takeaways Excessive Fees Analysis License Fee: $292.64 The amount in license fees that dealers are allowed to charge is capped by the state and should not exceed a certain amount.

Used Car Price & Availability by Fuel Type Updated: January 2024

Car Prices Dropping? Not Yet, But Soon – Car Market Discussion with CEO Pat Ryan CoPilot for Cars Podcast November 28, 2022 Car market pricing discussion with CoPilot founder and CEO Pat Ryan. He discusses Manheim wholesale market data, current car market pricing, and what to expect in the near future. CoPilot is the free App that helps you shop for, buy, and own your car with confidence.