LAS VEGAS (KLAS) — Carfax experts are recommending that Americans wait to purchase a used car, as prices have increased.

Carfax data is showing a nationwide surge in used car prices and demand. EM Nguyen with Carfax said that places like Southern Nevada are no exception.

“In the west region, which includes Nevada, we are seeing an increase in the vans and minivan prices and SUV prices. Anywhere between 2.4 and 2.9 percent in March compared to February,” Nguyen said. “If you are looking for a van, let’s say you pay on average about 30,000 dollars, you’ll be paying an extra $800 to $850.”

Shift in consumer behavior causing price increase

In January, used car prices across all vehicle types hit their lowest levels since the pandemic. However, a shift in consumer behavior that started in February drove prices back up.

“There was tax day, people who got a tax return, check in hand for a down payment, the persisting used car shortage that came from the pandemic, and the recent economic uncertainty,” Nguyen said.

According to Kelley Blue Book, in March, the average price for a used car was $25,180. This is an increase of $170 from February, vAuto data shows. Experts at Kelley Blue Book believe this could be a hint that a spike in demand is coming due to President Donald Trump’s tariffs on new cars.

The 25% tariffs on cars built outside of the country (and many parts used in cars built here) started at the beginning of April. Even though tariffs don’t directly affect used cars, Kelley Blue Book experts say shoppers will see fewer used cars on the market, especially since 8 million fewer cars were allegedly made during the pandemic.

Used cars below $15K hardest to find since 2021: Experts

Kelley Blue Book experts said that used car sales rose 9% in March. On top of this, it is harder to find used vehicles at a lower price point.

Used cars below $15,000 are the hardest they have been to find since 2021, with experts saying there is only a supply of 28 days. That is seven days lower than this time in 2024 and below the average for used cars by 11 days.

Kelley Blue Book says the top five sellers were listed at an average of $23,778, which is around 6% lower than the average listing price for all vehicles being sold. Ford, Chevrolet, Toyota, Honda and Nissan accounted for 51% of used vehicles sold in March.

Tips for purchasing a used car in this market

As demand builds and costs continue to climb, one should be strategic to stay ahead in an increasingly competitive market.

“We expect this surge in car prices and sales to continue,” Srinidhi Melkote with Carfax said. “This shift in consumer behavior will drive up used car prices as well, creating a cascading effect across the market.”

Carfax’s Top Tips:

• Do your research – Always check the Carfax vehicle history report for accident history, service records, and past ownership.
• Know your budget – Explore financing options early and stay open to different makes and models that fit your price range.
• Test drive – Experience the performance, comfort, and features before buying.
• Ask questions – Inquire about pricing, recent repairs, and any upgrades.
• Get an inspection – Have a trusted mechanic do a pre-purchase inspection.