Interestingly, early cars tend to command the highest prices, with the 1961 Volvo P1800 priced at $30,900 in good condition, ...

Used car prices saw a notable jump in April as the auto market responded to President Donald Trump's tariffs, reaching the highest level since 2023 as buyers rushed to beat tariff price hikes.

To make things worse, the car isn’t yours. In fact, you’re a Ferrari technician, and you’ve just seriously wrecked the highest-mileage F40 in the world.

Used car prices jumped in April by the most since 2023 due to tariffs, the report found. Retail sales of used vehicles in April were down 1.7% from March, but were 13% higher compared with a year ago.

Explore the recent surge in the car price index to its highest level since 2023. Find out if higher car prices are on the horizon and what it means for buyers.

Used car prices rose in April as the auto market responded to President Donald Trump's tariffs, reaching the highest level since 2023 as buyers rushed to beat tariff price hikes.

Back then, the seller got $3,965,000 for the car, which was known as one of the lowest-mileage F40s in the world. It only had 1,832 miles (2,948 kilometers) on the clock.