Gas Prices Driving Consumer Interest
CarGurus’ first quarterly review of 2026 shows that affordability concerns are continuing to drive consumer purchases with a shift to more fuel-efficient options.

Sales of nearly new used vehicles rose nearly 24% year-over-year to a median price of nearly $30,000.
Canva
A first-quarter report on used-vehicle sales reveals a shift in consumer interest to nearly new used vehicles and fuel-efficient alternatives as gas prices rise and new-car prices remain high.
According to the CarGurus data, sales of nearly new used vehicles, those 2 years old or younger, rose nearly 24% year-over-year.
With that segment's median price sitting at about $30,000, consumers have more options than among new vehicles, whose under $30,000 share dropped 4% year-over-year to 13%.
Vehicles priced around $20,000 saw the largest sales growth, the Chevrolet Trax leading with an average list price of $21,000 for an eye-popping 267% year-over-year sales growth.
But older used vehicles also reported sales growth in the quarter. Sales of vehicles 8 to 10 years old were up 4%, and vehicles 11-plus years old grew 7%.
New-car sales started off the year slow with a market days' supply of about 73 in March, up almost 10% year-over-year. Vehicles at higher price points are sitting longer, CarGurus said. For example, those in the $70,000 to $80,000 price range languished for about 88 days.
New hybrids had the tightest supply at about 47 days, well below gas, battery-electric and plug-in hybrids, which the report pointed out could limit hybrid sales growth due to lack of inventory to satisfy the demand.
Used EVs, however, experienced sales growth in the quarter, the Tesla Model Y, Hyundai Ioniq 5 and Chevrolet Equinox EV leading the surge.
If gas prices stay high, CarGurus predicts that the EV and hybrid interest that started in March could settle into a sustained trend, close on the heels of recent automaker pullback on purely electric model production.
More Industry

Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →