CARFAX Used Vehicle Prices Jump $1,500 to $25,500; EV Listings Surge $560
CARFAX data shows average used car prices climbing $1,500 to $25,500 in April after a 12-month low, while electric vehicle listings surged $560 for the largest EV price jump in over a year. Added tariffs on 2026 models and constrained certified pre-owned supply are tightening market conditions and consumer flexibility.
1. Price Increases
Average used vehicle prices rose by approximately $1,500 in April to about $25,500, rebounding from their lowest level in 12 months. This swift gain reflects increasing buyer competition and limited high-quality listings on CARFAX.
2. EV Demand Surge
Electric vehicle listings saw a $560 price increase last month, marking the largest month-over-month EV price jump in over a year. The surge underscores growing consumer interest in fuel-efficient and electric options as gas prices remain elevated.
3. Underlying Drivers
New 2026 model price hikes, driven partly by added tariffs, and a slowdown in new car production have constrained the supply of certified pre-owned vehicles. These factors are intensifying market volatility and pushing buyers to explore broader search parameters.
4. Impact on S&P Global Mobility
As part of S&P Global Mobility, CARFAX is poised to benefit from heightened demand for vehicle history reports and analytics. Rising prices and market complexity may drive more consumers and dealers to rely on CARFAX services, supporting segment revenue growth.