Used car prices continue to climb across the United States, with hybrids and electric vehicles seeing the largest increases despite the expiration of a federal tax credit.
A Carfax study reveals that average prices for used hybrids and EVs have surged by more than $3,600, or 11.9 percent, since the start of the year.
>>> Washington Wizards Reject Anthony Davis Trade Offers From Golden State
Rising gas prices tied to the conflict in Iran have driven strong demand for fuel-efficient vehicles, pushing up prices even after the federal used clean vehicle credit expired on September 30, 2025.
All Segments See June Increases
Carfax reports that prices rose across every major vehicle segment in June, though gains varied widely. Hybrids and EVs posted the largest monthly jump at more than $850.
Used luxury cars saw the smallest monthly increase at about $10, while SUVs added nearly $200.
Used cars, luxury SUVs, and vans and minivans each climbed roughly $350, and pickup trucks rose more than $400.
Overall, used car prices increased by about 1.3 percent in June, down from a 3 percent hike in May.
That worked out to an average gain of just over $350 for the month, compared with nearly $900 in May.
Regional Variations
Price changes vary significantly by region.
>>> Wimbledon Day Six: Swiatek, Zverev Headline Key Showdowns
In the Mid-Atlantic, used hybrids and EVs were up by an average of over $1,400 in June, compared with around $950 in the Midwest.
Used van and minivan prices in the Midwest rose by roughly $200 in June but fell by about $450 in the Plains.
Used luxury cars climbed more than $1,200 in the Northeast but dropped by roughly $900 in the West, the largest regional decline of any segment.
In the South, used pickup trucks rose by more than $1,200 on average.
Other segments also saw notable year-to-date increases.
Used sedans, hatchbacks, and wagons climbed by more than $1,350, while pickup trucks, luxury cars, and SUVs each rose by around $1,500.
>>> Kimi Antonelli Wins British Grand Prix Sprint Race at Silverstone
Vans and minivans were up by more than $2,000, and luxury SUVs gained nearly $2,800.
