Is The Used Car Market Going Down?

Written By: Jerry Reynolds | Oct 29, 2026, 9:34:32 PM

JERRY Q&A 102926_#2UsedCarMarket

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Q: Is The Used Car Market Going Down?

In a word, no. Due to high demand, used car prices are holding fairly steady overall this fall though model year changeover is causing some values to drop. Dealers are also clamoring for used cars which is great if you have a trade-in. I see used car values continuing to hold their own through the end of the year to the point that in some cases it might just make more sense to just buy new especially with the incentives.

Photo: K-FK/Shutterstock.com.

Jerry Reynolds

From police officer to top-selling Ford dealer to on-air car expert, Jerry helms our weekly radio show. Since selling his dealerships in 2006, Jerry has pursued his top three passions: helping consumers have a great car buying experience, supporting the military and first responders, being a loyal servant to his dog! While Jerry admits to hitting the pedal to the metal on test drives, it's all the service of finding out just how fast he can go from 0 to 60.

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