US Used Car Sales Jump More Than 25 Percent in July

The increase follows a decline in the price of used vehicles in the first half of 2024.

Used cars displayed at a dealership in New York on June 10, 2022. Spencer Platt/Getty Images

The sale of used vehicles in the United States rose by more than 25 percent in July, partly owing to a resumption of activities following a cyberattack in June that widely affected car dealership operations, according to auto services provider Cox Automotive.

“Retail used-vehicle sales in July increased from June, rising by 27.6 percent month over month,” Cox Automotive said in an Aug. 150 statement.