Market Insights

2018 Used Car Market Report & Outlook Highlights

Apr. 13, 2018 5 min Read

The 2018 Cox Automotive Used Car Market Report & Outlook is packed with salient data, smart insights and keen observations about the used car industry with an eye toward 2018 and beyond. Here are 8 trendlines from the report that we are seeing in 2018.

Article Highlights

2017 was another good year for the industry. Economic conditions improved throughout the year, and with them came higher used car sales and new-car sales only slightly below recent record levels.
Used-car sales are expected to climb even higher in 2018 and new-car sales to experience another minor dip from their soaring heights. It should be another good period for this fast-growing and fast-changing industry.
However, headwinds are strengthening. Market conditions are becoming more challenging, and technological advancements and consumer expectations are evolving rapidly. Staying ahead of a change curve is getting steeper every year — in the automotive industry and well beyond.

2018 Used Car Market Report & Outlook Highlights

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