- Used car prices rose just 1.3% in June, down from more than 3% in May according to Carfax.
- Hybrids and EVs lead all segments, up 11.9% since January on high gas prices.
- Used vans and minivans fell in several regions, including a $450 drop in the Plains.
Used vehicle prices kept climbing in June, but the pace slowed sharply. Prices on Carfax rose about 1.3% for the month, down from more than 3% in May. That put the average overall increase slightly above $350, down from nearly $900 a month earlier.
Used cars saw the smallest six-month increase, rising a little more than $1,350 since the start of the year. Used pickup trucks, luxury cars and SUVs all posted increases topping $1,500. Used vans and minivans rose by more than $2,000 while used luxury SUVs climbed by nearly $2,800.
Prices rose across every segment in June:
- Used luxury cars saw the smallest increase, up only about $10.
- Used SUVs climbed nearly $200.
- Used cars, luxury SUVs, and vans and minivans all rose by roughly $350.
- Used pickup trucks gained more than $400.
- Used hybrids and EVs jumped more than $850.
Used hybrids and electric vehicles led every segment. Those prices have soared more than $3,600 since the beginning of 2026, a gain of 11.9%. Higher oil prices drove much of that jump. Interest in hybrids and EVs was expected to drop after the federal tax credit ended but high gas prices have reinvigorated both segments.
In the Mid-Atlantic, used hybrids and EVs rose by more than $1,400. The Northeast saw used luxury cars climb more than $1,200, while used vans and minivans fell about $250. In the South, used pickup trucks led with a gain of more than $1,200.
Several regions posted drops. Used vans and minivans fell about $450 in the Plains. Meanwhile, the West saw used luxury cars fall by roughly $900, the steepest decline of any region.
Stronger used car prices are good news for owners looking to trade up. SUVs and pickup trucks remain in demand, and sellers can still get strong money for those segments.
The Carfax Used Car Index compares the average price of a segment’s listings on Carfax.com. It also shows a trend line for the most recent 12 months.
