But sales remain strong, up 7% compared to the previous year, as the used market offers a better value for consumers avoiding pricier new cars.

Already strong demand is making sector loan rates actually rise. That could combine with falling supply, production to cut sales.

Already strong demand is making sector loan rates actually rise. That could combine with falling supply, production to cut sales.

The used market especially benefits from consumers seeking more affordable alternatives than those offered in the new car segment.

While inventory is growing, vehicles are moving off lots faster than they were a year ago.

Demand remains strong as affordability challenges in the new market push consumers towards used options, with the market also benefiting from lowering...

Enough vehicles are sitting on lots as vehicle days’ supply hovers above last year’s levels, and sales volume lingers well below available inventory.

Cheaper models prove particularly hard to come by.

Cheaper models prove particularly hard to come by.

The key metrics of the used vehicle market are either slightly down or barely up, but affordability remains a challenge.