Used car values finally cooling down after a red hot summer
(November 13, 2020) SANTA MONICA, Calif.. — Used vehicle trade-in values are returning to normal levels after skyrocketing during the summer months, according to the car shopping experts at Edmunds. Edmunds data reveals that the average value for all vehicles traded in during the month of October dropped to $15,874, a 3.3% decrease compared to $16,411 in September. The average value for 3-year-old vehicles also dipped in October to $20,401, a 1.7% decline compared to $20,747 in September.