Used car prices continue to drop as demand for cars shoots up [Yahoo! Finance]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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Source: Yahoo! Finance
CarGurus, an online new and used vehicle shopping site, released its U.S. 2024 October Intelligence Report this week, showing that new vehicle inventory was increasing and used vehicle inventory levels were stabilizing. The shift in supply and stronger-than-expected demand in the second half have brought down the average used vehicle list price to $28,200, 5% lower than a year ago, when the average price was $29,700, the report stated. In September, the average used vehicle listing price was $28,400. The average listing price for a new vehicle last month was $49,700, down from $50,700 a year ago. The listing price is the average price dealers ask, whereas the average transaction price data is from actual sales in October. Because of the much lower average used vehicle price, used cars are selling more quickly than new vehicles. "Although demand increased for both new and used vehicles in October, improvements in used car pricing and inventory have particularly driven shoppers t
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CARG
Earnings
- 11/7/24 - Beat
CARG
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- CARG's page on the SEC website