Anyone else feel like we’re having a fever dream flashback to those semi-early pandemic days where used car values started creeping up? We’re already seeing retail-market values on used cars increase.
Here’s what our data shows, but first we have to remind everyone that TradePending values cars based upon retail values using our own proprietary data set.
We don’t use anyone else’s books or wholesale values, we only use what franchise dealers are actually selling their cars for, updating our valuations every single day based upon how the market is moving.
It’s no surprise to anyone that used car values are increasing and will likely continue increasing until whatever the hell is gonna happen actually happens with finalizing a new global trade order. It’s crazy to even write that out.
Here’s what we’re seeing for the top 5 highest appreciating used cars from Jan 1 to right now April 14.
The bottom five depreciation are:
Here’s the list comprised of most major brands:
We’ve looked at this 8 different ways and not seeing much of a pattern emerge yet, pointing right back to everything is just a bit hectic right now. Let us know what you see.
