Used Car Market Crash 2024. Used car prices are falling in 2024, led by big drops in the wholesale market. More than eight out of 10 used car dealers (84%) anticipate a decline in used car prices and values this year, according to startline research.

As a result, used cars for sale are more used than they used to be, with those less than $30,000 now 1.4 years older and with 10,000 miles more on the odometer than they were. Used car prices are falling in 2024, led by big drops in the wholesale market.