Average Used Car Price Down 4% Since Last Year

The price of the average used car is falling despite low inventories at many used car dealerships.

The average used-vehicle listing price at the end of January was $25,328 — down from a revised $26,505 at the start of January and down 4% from a year earlier.

Used car prices remain higher than in 2019 but have fallen lower than at any point in 2022 or 2023.

Related: Average New Car Price Tumbling

Fewer Cars, But Lower Prices

The price drop comes despite…