CENTREVILLE, Va. — Used vehicle prices continued to rise across nearly every segment during the first half of 2026, with hybrids, electric vehicles and luxury models posting some of the largest gains, according to a new analysis by Carfax.
The report found that buyers hoping to save money by purchasing used vehicles have faced steadily increasing prices this year, although the pace of monthly price growth slowed in June.
According to Carfax, average prices for used sedans, hatchbacks and wagons have increased by more than $1,350 since the beginning of the year. Used pickup trucks, sport utility vehicles and luxury cars have each risen by roughly $1,500 over the same period.
Vans, Minivans Lead the Way (in Price, Not Coolness)
The largest increases were recorded among used vans and minivans, which climbed by more than $2,000, and luxury SUVs, whose average prices rose nearly $2,800, or 4.9%, during the first six months of the year.
Luxury cars posted the strongest percentage gain, rising 12.6% year to date despite little movement during May, the report said.
Carfax reported that prices increased across every major vehicle category in June, although gains were generally smaller than in the previous month.
Used luxury cars recorded the smallest monthly increase at about $10, while SUV prices rose by nearly $200. Used passenger cars, luxury SUVs, and vans and minivans each increased by roughly $350 during the month, pickup trucks gained more than $400 and hybrid and electric vehicles posted the largest monthly increase at more than $850.
Average Monthly Increase of $350
Overall, average used vehicle prices rose approximately 1.3% in June, compared with a 3% increase in May. That translated to an average monthly increase of just over $350, down from nearly $900 in May, according to Carfax.
The company attributed much of the demand for used hybrid and electric vehicles to higher gasoline prices associated with geopolitical tensions involving Iran. Average prices for used hybrids and EVs have increased by more than $3,600 this year, or 11.9%.
EV Prices Still Buzzing
Carfax noted that it had expected demand for used electric vehicles to weaken after the federal used clean vehicle tax credit expired Sept. 30, 2025. The credit had reduced the cost of qualifying used EVs priced at $25,000 or less by as much as $4,000. Instead, the report said, rising fuel prices renewed consumer interest in fuel-efficient vehicles.
The analysis also found significant regional differences in pricing, including:
- In the Mid-Atlantic, prices for used hybrids and electric vehicles increased by more than $1,400 during June, compared with about $950 in the Midwest.
- Used van and minivan prices rose by roughly $200 in the Midwest but declined by about $450 in the Plains states.
- Luxury car prices increased by more than $1,200 in the Northeast but fell by roughly $900 in the West, the largest regional decline among the vehicle segments analyzed.
- In the South, average used pickup truck prices climbed by more than $1,200 during June, according to Carfax.
