How Much Will Used Car Prices Drop In 2024. Cox automotive expects wholesale used car prices to end the year up 0.5% from december 2023. “last month, the average price for a new vehicle was [$47,936] — a [1.4%] dip from last year, according to the latest kbb data.

Read our experts’ analysis and predictions to find out. Used car prices in canada are coming down from last year’s peaks thanks to a surge in inventory and buyers shifting back to the new vehicle market, according to a new report.