Will Used Car Prices Drop In 2024. Used car prices, which have soared significantly in recent years, are expected to decline in 2024. The prices farmers received for items such as vegetables, dairy and poultry softened in march, leading to drops in retail prices last month, according to barclays and.
Over the first nine weeks of 2024, prices gradually fell each week 5. Back in 2022, when new car prices peaked, it was hard to predict if and when prices would soften, according to j.p.