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SEARCHA recent price spike due to several larger market forces, though it hasn’t dulled demand, is pushing more consumers to efficient models to squeeze in buys.
Many used-vehicle shoppers are going for electric models to save money on fuel, Carfax said.
Cadillac
Used-vehicle prices are on their way back up again after dipping to a 12-month low in March, based on Carfax vehicle listings.
The $24,000 seven-day rolling median average last month mirrored a similar level seen in March 2025, said the vehicle data and used- and new-car listings provider.
Now in April, the average used-vehicle price is about $25,500, up 6%, Carfax said.
“This type of swing in prices suggests a volatile market,” said Carfax Chief Analytics Officer Sri Melkote.
“This type of swing in prices suggests a volatile market,” said Carfax Chief Analytics Officer Sri Melkote.
Increased prices of new 2026 models due in part to U.S. trade tariffs are combining with a limited supply of used autos resulting from pandemic-era production slowdowns, according to the company.
While overall car sales demand hasn’t been deterred by high gas and vehicle prices, consumers are gravitating to more fuel-efficient models, Carfax said.
Carfax vehicle listings activity shows demand for electric models is spiking amid historically high gas prices, and used EV prices are jumping the most in more than a year as a result, up $560 in March.
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