---
title: "Used car prices are crashing: Used car and truck prices are now down 17.5% since the 2021 peak, the largest decline in 15 years."
description: "Over the last 35 years, there were only two times when prices of used vehicles saw a bigger drawdown: in 2004 and 2009.\nOverall, US wholesale prices of used vehicles have declined for 22 consecutive months.\nIn June, average wholesale prices decreased by 8.9% year-over-year to $17,934.\nEV makers have been hit the hardest, with some EV prices falling over 40% since last year.\nThe car market bubble has popped.\nSource: The Kobeissi Letter, Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Used car prices are crashing: Used car and truck prices are now down 17.5% since the 2021 peak, the largest decline in 15 years.](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-75dfcb6b)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 24, 2024, 8:23:46 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-75dfcb6b)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2024-07-24T08:23:46.449Z",
  "datePublished" : "2024-07-24T08:23:46Z",
  "headline" : "Used car prices are crashing: Used car and truck prices are now down 17.5% since the 2021 peak, the largest decline in 15 years.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 405,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/1721767248703.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-75dfcb6b",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```