used cars
In January, trade-in values stood at $21,984, down 14 from their peak of $25,556 in June 2022.
  • During the peak of car inventory problems, drivers could have traded in used cars for thousands.
  • That might not be the case anymore, experts say.
  • Some used vehicles will get good trade-in values, but others might have missed their opportunity.

If you've been wanting to trade in your old car but waited to do it, you won't get as much for it as you could've during the peak of the pandemic.