CarGurus reports strong demand for luxury SUVs and used hybrids amid rising vehicle prices in 2026

CarGurus' 2026 Mid-Year Review reveals robust consumer demand across vehicle segments, with luxury SUVs selling faster and used hybrid prices hitting record highs. New car prices average around $50,900, reflecting a market shift toward higher-priced vehicles. Consumers are keeping cars longer, boosting sales of older, high-mileage used vehicles, especially trucks priced near $20,000. Rising gas prices have increased interest in hybrids and electric vehicles, with used hybrid sales up 34% and prices reaching all-time highs. These trends suggest a market adapting to affordability challenges and evolving buyer preferences.