Carfax’s used car index showed most vehicle categories rising or falling less than $100 in the past month. But the steadiness could be temporary, as Carfax cautioned prices could soon be on the rise due to a drop in supply, increased demand and the impact of the recent hurricanes, which flooded an estimated 347,000 vehicles.
“Keep an eye out for those storm clouds. Their impact will arrive for sure, one way or another,” Carfax noted.
The popular SUV was up about $98 in the past month to $23,503. Cars remain the only category under $20,000 at $18,573. Pickups saw a price increase of $70 to $33,423. Hybrids and EVs had a price increase of $56 to $30,540.