CarGurus: Nearly New Used Car Sales Jump 24% as Buyers Seek Affordability

Reuters04-07

CarGurus: Nearly New Used Car Sales Jump 24% as Buyers Seek Affordability

CarGurus Q1 2026 market review flagged a shift toward used vehicles as affordability pressures build, with rising gas prices increasing focus on total ownership costs.
Sales of nearly new used vehicles aged 2 years or less rose 24% year over year in Q1, led by compact models typically priced below $30,000.
Demand also strengthened at older price points, with sales up 4% for 8- to 10-year-old vehicles, up 7% for vehicles aged 11 years or more.
New-vehicle days supply reached 73 days in March versus 60-day industry target, while hybrids remained tight at 47 days supply.
Interest in electrified powertrains accelerated, with share of views up 31% for new EV listings, up 16% for new hybrids, while used EV sales rose nearly 30% year over year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CarGurus Inc. published the original content used to generate this news brief on April 07, 2026, and is solely responsible for the information contained therein.

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