CARFAX: Used Car Price Growth Slows as Market Levels Off

Rhea-AI Summary

CARFAX reports that after months of sharp gains, U.S. used car prices are starting to level off in July 2026. The CARFAX Used Car Index shows prices rose just 0.1% month over month, about $50, versus prior monthly increases of $350 and $900. According to CARFAX, the rolling seven-day median used car price is $25,800, while new cars average $44,500. Vans and minivans dipped slightly, and hybrid and EV prices were flat. CARFAX also highlights five steps for buying used cars confidently, including obtaining a CARFAX Report, using History-Based Value, and conducting inspections and test drives.

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Used Car Prices Start to Plateau After Months of Increases

CENTREVILLE, Va., July 28, 2026 /PRNewswire/ -- After several months of soaring car prices, the used car market is beginning to stabilize, according to the latest CARFAX data. Nationally, used car prices rose by about $50 in July, marking the smallest monthly increase in several months. Average prices for vans and minivans saw a slight decline, while hybrid and EV prices remained flat, signaling a more balanced market heading into the second half of the summer. According to CARFAX, the rolling seven-day median average price for used cars is $25,800, with new car prices around $44,500.

"While prices remain high, the overall rise in costs was much lower than in the past few months. The CARFAX Used Car Index shows prices for July rose just 0.1%, or about $50, over the previous month," said Patrick Olsen, Editor-in-Chief at CARFAX. "That's down from a $350 increase last month and a $900 increase the month before. An increase in the supply of used cars is helping to ease some of the pressure. After a strong spring with rising car prices, we're now seeing the market catch its breath."

For consumers looking for a vehicle, the slower pace of price increases may give them more time to compare options to find the right vehicle without feeling rushed by rapidly rising prices. Local prices can also vary significantly based on inventory and demand. A vehicle that is expensive in one market may be more affordable just a few hours away. Shoppers who are willing to consider different makes and models or expand their search to nearby markets may find additional opportunities to save.

Here Are Five Tips for Buying a Used Car With Confidence

1. Get the CARFAX Report: Before buying, get the vehicle history report directly from CARFAX or a dealer's official listing site to better understand the vehicle and avoid scams.
2. Reputable Dealers: Check CARFAX Car Listings for millions of new and used vehicle listings which all come with a free CARFAX Report. Also, consider a CARFAX dealer, where vehicles are checked for prior damage, title, and recall status.
3. Know the Vehicle's Value: Use the CARFAX History-Based Value to make sure you're getting a fair price based on a vehicle's full history, not just its sticker price.
4. Vehicle Inspection: Have the vehicle inspected by a trusted mechanic to detect hidden damages and confirm the vehicle's details.
5. Test Drive: Always check out the vehicle in-person and verify the seller.

Consumers can search millions of new and used vehicles on CARFAX Car Listings, where every listing includes a free CARFAX Report. With a database powered by more than 177,000 sources and more than 38 billion records, CARFAX delivers trusted insights, supporting smarter decisions at every stage of the vehicle journey.

About CARFAX

CARFAX, part of Mobility Global Inc. (NYSE: MBGL), helps millions of people every day confidently shop, buy, service, and sell cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides CARFAX Car Listings, CARFAX Car Care, CARFAX History-Based Value, and the flagship CARFAX Report to consumers and the automotive industry. CARFAX owns the largest vehicle history database and is nationally recognized as a top workplace by The Washington Post and USA Today. Shop, Buy, Service, Sell – Show me the CARFAX®.

Mobility Global is the world's standard for automotive information, providing critical data and analytics across the full vehicle lifecycle. Mobility Global supports the world's major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts, insights, technology, and innovation. For more information, visit mobilityglobal.com.

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SOURCE CARFAX

FAQ

What does CARFAX data show about used car prices in July 2026 for MBGL-related market watchers?

CARFAX data shows U.S. used car prices rose only about $50 in July 2026, a 0.1% month-over-month increase. According to CARFAX, this is much lower than recent $350 and $900 monthly jumps, suggesting the used car market is beginning to stabilize.

What is the average used car price versus new car price in July 2026 according to CARFAX?

In July 2026, the rolling seven-day median average used car price is about $25,800, while new car prices average around $44,500. According to CARFAX, this pricing snapshot highlights the cost gap between used and new vehicles as the market’s recent surge begins to cool.

Are hybrid and EV used car prices still rising in July 2026 according to CARFAX data?

Hybrid and EV used car prices were essentially flat in July 2026, showing no significant monthly change. According to CARFAX, this stability, along with slight declines in vans and minivans, supports the view that the broader used car market is becoming more balanced.

What buying tips does CARFAX give used car shoppers in July 2026?

CARFAX recommends five steps: get a CARFAX Report, use History-Based Value, buy from reputable dealers, obtain a professional inspection, and always test drive and verify the seller. According to CARFAX, these measures help buyers avoid scams and better gauge a vehicle’s true condition and value.

How can investors in MBGL interpret CARFAX’s July 2026 used car price trends?

CARFAX reports that used car prices are rising much more slowly, with only a $50 July increase. According to CARFAX, the market appears to be stabilizing after strong spring gains. The announcement focuses on consumer pricing conditions rather than specific financial impacts for MBGL shareholders.

What is CARFAX History-Based Value and how does it help buyers in 2026?

CARFAX History-Based Value estimates a vehicle’s worth using its specific history, not just generic pricing guides. According to CARFAX, it factors in prior use and records so shoppers can compare asking prices more confidently and decide if a used car represents a fair deal in today’s market.

How can buyers use CARFAX Car Listings to find used vehicles in 2026?

Buyers can search millions of new and used vehicles on CARFAX Car Listings, where every listing includes a free CARFAX Report. According to CARFAX, this database, powered by over 38 billion records from 177,000+ sources, gives shoppers trusted history insights to support more informed purchase decisions.