Are used car asking prices being cut?
As of 2026-10-05, asking prices were cut by an average of 2.5% over the previous four weeks among 1,414,686 used vehicles OAV observed in U.S. dealer listings on both dates. These are asking prices, not sale prices.
OAV measures four-week changes in asking prices for used vehicles listed on both dates. This figure does not measure sale prices or price changes across the overall used-car market.
Snapshot: 2026-10-05. Comparison: 2026-09-07 to 2026-10-05.
| Vehicle group | Average 4-week asking-price change | Share with asking-price cuts greater than 0.5% | Vehicles compared |
|---|---|---|---|
| All used vehicles compared | −2.5% | 57.9% | 1,414,686 |
| Car | −2.2% | 51.9% | 327,667 |
| SUV | −2.7% | 60.5% | 768,736 |
| Truck | −2.3% | 58.5% | 268,064 |
| Van | −2.5% | 54.3% | 50,219 |
| EV (battery-electric) | −2.7% | 60.8% | 35,095 |
Each row's average and cut share use the vehicles compared in that row, including those with unchanged or increased asking prices. The cut share measures asking prices more than 0.5% below their level four weeks earlier.
EV figures cover battery-electric used vehicles. Each is also counted in its body class and in the all-used total, so the EV row is not in addition to the class rows.
How OAV measures this
OAV compares each used vehicle's asking price on the snapshot date with its own asking price four weeks earlier, for vehicles listed on both dates; used vehicles include certified pre-owned. These are asking prices, not sale prices, and vehicles no longer listed on the snapshot date are not included. This is a market signal, not a Price-to-Market verdict on any individual listing.
This page reports used vehicles, including certified pre-owned; it does not report new vehicles.
OAV publishes a new snapshot weekly. Each dated snapshot remains unchanged.
Weekly snapshots
Weekly snapshots begin 2026-10-03. Each row reports the four-week asking-price comparison ending on that date.
| Snapshot | All used: average 4-week asking-price change | Share with cuts greater than 0.5% | Vehicles compared |
|---|---|---|---|
| 2026-10-05 | −2.5% | 57.9% | 1,414,686 |
| 2026-10-03 | −2.5% | 58.0% | 1,431,874 |
Questions
- Are used car prices falling?
- OAV measures asking prices, not sale prices. As of 2026-10-05, asking prices were cut by an average of 2.5% over the previous four weeks among 1,414,686 used vehicles OAV observed in U.S. dealer listings on both dates. These are asking prices, not sale prices. Vehicles no longer listed on the snapshot date are not included, so this figure does not measure sale prices or price changes across the overall used-car market.
- Is this what cars are selling for?
- No. These are asking prices, not sale prices, and vehicles no longer listed on the snapshot date are not included.
- How often is this updated?
- OAV publishes a new snapshot weekly. Each dated snapshot remains unchanged.
- How much have used car prices dropped?
- OAV does not measure how much the overall used-car market dropped. It measures four-week changes in asking prices for used vehicles listed on both dates. As of 2026-10-05, asking prices on the 1,414,686 used vehicles listed on both dates were cut by an average of 2.5%. That figure does not measure sale prices or price changes across the overall used-car market.