When Will Used Car Prices Drop 2024. Prices set to drop soon! As canadians enter 2024, those hoping to pick up a new or used car may see similar prices to what was seen in 2023, with automotive experts saying not to expect the cost for a vehicle to return.
Over the first nine weeks of 2024, prices gradually fell each week 5. At the end of 2023, the average price of a used car was $28,371, 4.4% less than the average a year earlier⁵.