J.D. Energy’s Used Automobile Value Index hit a file excessive final month.

Via October, used-vehicle costs have been on common 37 % increased than in 2020, with no indicators of softening, J.D. Energy stated Tuesday in a market replace.

And for the primary time in additional than 25 years, used-vehicle costs rose in October over September, in accordance with the index.

Costs usually cool within the fall however have as a substitute been on the rise as shopper demand stays excessive and availability of recent autos is low.

Costs are anticipated to stay robust for the following 12 months, with some fluctuation. A lot will rely on automakers’ means to work by means of provide chain points.

Used autos are in shorter provide, too. Via October, wholesale gross sales quantity was down 10 % in contrast with the primary 10 months of 2020. Quantity gross sales have been down from 2019, too, as public sale gross sales development between 25 and 30 % decrease than pre-pandemic ranges.