Providers and Administrators in blue logo
MenuMENU
SearchSEARCH

Edmunds: Prices of Used SUVs, Crossovers Surge 30% from Last Year

August 20, 2010
2 min to read


DETROIT - Some used SUVs and crossover vehicles are selling at retail for 30 percent more than they did last year, in a sign of how high used-vehicle prices remain. But on average, prices of used vehicles retreated again in July from record levels this spring, reported Automotive News.


Edmunds.com reports that the retail price paid for a used Cadillac Escalade, averaged over all model years, was $34,715 last month, up 36 percent from the average price paid a year earlier. The retail price paid for a used Dodge Grand Caravan in July, averaged over all model years, was $15,629, up 34 percent.

Ad Loading...


Joe Spina, Edmunds.com senior analyst, says a lack of confidence in the economy is driving more people to buy used vehicles. That puts upward pressure on prices of an already limited supply of used vehicles.


“This time last year, consumers were buying fuel-efficient vehicles and trading so-called gas guzzlers,” Spina says. “Now, those who need trucks and large SUVs are buying them, but the inventory is low because there is a current shortage of lease returns and trade-ins of this vehicle type.


“Prices are indeed very high now. While this is the case, last year’s prices were low, making the gains even more dramatic,” he says.


Even so, data from Manheim and ADESA Inc. show that wholesale used-vehicle prices in July declined from record high price levels this spring.


The average wholesale used-vehicle price in July was $10,060, ADESA says. That was 2 percent lower than the average price in June and less than 1 percent higher than the average price in July 2009.

Ad Loading...


The monthly Manheim Used Vehicle Value Index stood at 118.9 in July, down from 120.2 in the previous month but up from 115.4 in July 2009. The index is adjusted for make, model mix and time of year.

More Industry

Showroomby Lauren LawrenceMarch 4, 2026

Used-Vehicle Program Aims to Draw More Buyers

GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.

Read More →
Industryby Hannah MitchellMarch 3, 2026

Auto Dealers Cautiously Hopeful

Though traffic and profits were down in the first quarter, normally optimistic franchisees and independents saw dim current conditions while holding out visions of healthy spring sales.

Read More →
Industryby StaffMarch 3, 2026

Black Book: Weekly Market Update

Conversions picked up last week at wholesale vehicle auctions, according to the market observer, as the spring shopping season appeared to begin.

Read More →
Ad Loading...
white Audi car in a service bay
Industryby Lauren LawrenceMarch 3, 2026

Recall Service Reaches Milestone

Eight state DMVs participate in the Vehicle Recall Search Service created by Carfax and the Alliance for Automotive Innovation to reduce the number of unaddressed vehicle recall repairs.

Read More →
Industryby Hannah MitchellMarch 2, 2026

Meet the Editor: Hannah Mitchell

A longtime newspaper journalist, Bobit Dealer Group's editor was raised on news back in the South. Now she brings that news-hound ethic to our four auto retail magazines.

Read More →
Summit Updatesby StaffMarch 2, 2026

Enhance Your Dealer's F&I Workflow at Agent Summit

This session is designed to equip general agents with actionable strategies that can help their dealers enhance the efficiency of financial services managers.

Read More →
Ad Loading...
Industryby Hannah MitchellMarch 2, 2026

Auto Brands Hold the Line on Retention

A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.

Read More →
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Lauren LawrenceFebruary 24, 2026

China Leads Battery Production

Between 2020 and 2025, gigafactory capacity grew six-fold and is set to grow another 118% by 2030, according Benchmark data.

Read More →
Ad Loading...
Industryby Hannah MitchellFebruary 24, 2026

Overall Consumer Confidence Up

Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.

Read More →