UsedCars News & Analysis
3 articles
Market Mood
Ford's Discontinued Electric Pickup Gains Popularity in Used Market
Ford's discontinued electric pickup truck is proving popular in the used vehicle market, according to recent reports. Despite no longer being produced, the vehicle is attracting significant attention and demand from consumers seeking alternatives to new electric models. The trend reflects strong interest in Ford's electric vehicle lineup even for models that are no longer manufactured, showcasing the brand's impact in the EV sector. This phenomenon suggests a robust residual market value for Ford's electric vehicles, which may influence future strategies around their electric offerings. The unexpected demand in the used market could indicate unmet needs in the current electric vehicle space or consumer preference for specific Ford features not available in newer models. While the discontinued status precludes any direct new sales, this popularity could enhance Ford's brand image and reaffirm consumer trust in their past and ongoing electric vehicle initiatives. For investors, the sustained interest in Ford's vehicles underscores potential value and market opportunities in their evolving electric vehicle strategy. It highlights the brand's residual strength and could influence stock perception positively despite production changes in their lineup.
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CarMax (KMX) Cuts 145 Jobs, Totaling 4% of Workforce
CarMax (KMX) has laid off 145 corporate employees, marking the third job cut this year, representing about 4% of its total corporate headcount. This follows prior cuts of 350 jobs in October 2025 and 230 in January 2026, totaling over 1,000 layoffs since 2024. The current CEO, Keith Barr, aims to reduce costs and enhance competitiveness amid challenges from high vehicle prices and rising interest rates. CarMax's revenue grew by 6.2% to $8.01 billion in the last quarter, although net earnings fell by 11.8% to $185.6 million, highlighting ongoing pressures in the used-car market.
Read More: CarMax (KMX) Cuts 145 Jobs, Totaling 4% of Workforce
Used Cars Under $20,000 Fall to 32% of Q2 Sales in 2026
In the second quarter of 2026, vehicles priced under $20,000 comprised 32% of used car sales, down from 55.2% in the same quarter of 2019, according to Edmunds. Used cars in the $5,000 to $10,000 range sold faster, averaging 25.4 days on dealer lots, while cars costing $20,000 to $25,000 took 37.8 days and those over $50,000 took 44.3 days. July data shows average used car prices at $27,028, representing a 29% increase since July 2019. This trend highlights affordability challenges for consumers amid rising inflation, impacting decisions for potential buyers.
Read More: Used Cars Under $20,000 Fall to 32% of Q2 Sales in 2026