U.S. Cities With the Biggest Drop in Used Car Prices
U.S. Cities With the Biggest Drop in Used Car Prices The uncertainty precipitated by COVID-19 has affected every sector of the economy, including the automotive industry. Car dealerships are experiencing sharp declines in used car sales, as much of the country still remains under lockdown. While used car sales have always been prone to fluctuations, data from the U.S. Census Bureau found that retail used car sales plummeted more than 20 percent year-over-year in March even before the full effects of stay-at-home orders were realized.