Used Car Market Crash 2024. There was a slight uptick in used vehicle prices from december 2023 to january 2024, with used car prices up 0.06 per cent and used ute and suv prices up by. According to carguru, consumers might see a new baseline price of $24,700 for used vehicles in 2024.
When 2024 started, the used car market also witnessed some decreases. In july, used car prices are falling as compelling new car incentives and high interest rates slow used car sales.