When Will Used Car Prices Drop 2024. The average price has dropped below $34,000 again. The average price of used pickup trucks on carfax.com saw the biggest drop this month, down nearly $500.
In 2023, prices are expected to decline by roughly 10% for used cars and by 2.5% to 5% for new cars. The mixed results come after premiums for all coe categories rose in augustโs first round of bidding.