Used Car Prices in the Midwest Expected to Hit Historic Lows This Summer
The Midwest is the beating heart of the American automotive industry, and few regions have felt the impact of COVID-19 shutdowns of auto plants and car dealerships as strongly. In the Midwest car prices have already dropped 3.4% overall, but by analyzing our proprietary database of over 6 million used car listings we are predicting that average prices of 2016-2018 used vehicles will drop an additional 7% by the end of the summer.