Market update
Used-car prices eased in June: what buyers and sellers should know
Federal data show used-car prices were 1.8% lower than a year earlier and slipped 0.2% in June after seasonal adjustment.
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What the June data show
The Bureau of Labor Statistics reports that its used-cars-and-trucks price index was 1.8% lower in June 2026 than a year earlier. After adjusting for normal seasonal patterns, the index declined 0.2% from May to June.
New-vehicle prices were unchanged from May after seasonal adjustment and were 0.5% higher than a year earlier. Those figures describe national averages across many transactions and vehicle types.
What it means for buyers
Slightly softer national pricing can create room to compare, but it does not mean every used car is cheaper. Availability, mileage, trim, condition, accident history, location, and financing can move an individual deal far from the national index.
- Compare the same year, model, trim, mileage range, and condition in your local market.
- Ask for the out-the-door price so taxes, fees, and optional products are visible.
- Arrange an independent pre-purchase inspection before committing.
What it means for sellers
Price from recent local comparables rather than an older national headline. Clear maintenance records, an accurate condition description, and a realistic adjustment for mileage or needed repairs can help buyers understand the asking price.
Use the index as context, not an appraisal
The CPI measures how prices change over time. It does not estimate the retail, trade-in, or private-sale value of one vehicle. For a transaction, compare several current listings and valuation sources, then account for the car's documented condition.
Primary references
Official sources
MyFavi links to the original agency material so you can verify the details and check for updates.
The Consumer Price Index is an aggregate economic measure, not a quote or vehicle appraisal. Local prices and individual vehicle values can differ materially.