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Heres why used car prices are likely toremain high in 2025.
Supply is down on one particularly highly coveted vehicle pop in the 3-year-old vehicle, Yoon said.
Only 18% of new cars were leased that year.
The limited supply of those desirable near-new used vehicles is likely to keep used pricing elevated throughout 2025.
Secondly, it’s possible for you to expect to get a good price for your trade-in vehicle.
Shoppers can check the value of their trade-in using an appraisal tool likethis oneon the Edmunds website.
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