Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/Used car prices rise $1,500 amid high gas costs, boosting demand for fuel-efficient and electric vehicles.
SPGI
$444.40
-$0.08 -0.02%

Used car prices rise $1,500 amid high gas costs, boosting demand for fuel-efficient and electric vehicles.

Market News
14 Apr 2026
PRNewsWire
View Source
Bullish
pluang ai news

Used car prices have surged by about $1,500 in one month, reaching an average of $25,500, driven by higher gas prices and limited vehicle supply. This price increase has shifted consumer interest toward more fuel-efficient and electric vehicles, with EV prices rising over $560 last month. Factors like tariffs on new 2026 models and slower new car production contribute to tighter used car availability. CARFAX advises buyers to use vehicle history reports and consider various options to navigate this volatile market confidently.

More News (SPGI)

S&P Global focuses on Ratings and AI-driven growth, raising FY27 EPS forecast with 15% upside potential.

S&P Global focuses on Ratings and AI-driven growth, raising FY27 EPS forecast with 15% upside potential.

S&P Global has restructured post-spin-off to concentrate on Ratings, Indices, Energy, and Market Intelligence, aiming to expand margins through increased debt issuance and rising API usage linked to AI adoption. The surge in API calls indicates a shi...

Analyst Insights
Bullish
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App