United States Used Car Prices YoY
United States · Monthly series · EC-US-UCPYY
Latest, October 2026
1.9%
+2.40pp from September 2026
Forecast
Forecast for October 2027: 1.9%, with an 80% interval of -4.0% to 8.6%.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 2.6% | -0.4% | 6.0% |
| December 2026 | 2.7% | -1.3% | 7.0% |
| January 2027 | 2.4% | -3.9% | 9.3% |
| February 2027 | 1.9% | -4.1% | 8.8% |
| March 2027 | 1.6% | -0.9% | 4.4% |
| April 2027 | 1.4% | -3.6% | 7.0% |
| May 2027 | 1.5% | -5.8% | 9.4% |
| June 2027 | 1.6% | -6.8% | 10.9% |
| July 2027 | 1.9% | -2.4% | 6.6% |
| August 2027 | 2.1% | -3.3% | 8.4% |
| September 2027 | 2.1% | -4.7% | 10.0% |
| October 2027 | 1.9% | -4.0% | 8.6% |
AI confidence
Needs refreshThe data refresh is due. Confidence will be reassessed against the refreshed history.
Model: State-space model, 167M (foundation model)
- Accuracy vs naive
- n/aNot evaluated
- Direction
- n/aNot evaluated
- Turning points
- n/aNot evaluated
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Previous comparisonThe stored comparison uses earlier data or a previous model roster. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Models tested
State-space model, 167M scored lowest on the 6 older tests (0.76) and was chosen. The 6 recent tests played no part in the choice and give its grade (0.85). That grade beats the naive forecast. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
4 model classes completed the tests: Foundation model, Neural network, Machine learning, Statistical. Previous model roster.
| Model | Class and compute | Older tests | Recent tests | Role |
|---|---|---|---|---|
| State-space model, 167M (foundation model) | Foundation model · CPU | 0.76 | 0.85 | Serving |
| Agentic Investor TSFM (foundation model) | Foundation model · CPU | 0.78 | 0.77 | Tested |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
| Hierarchical neural network (neural network) | Neural network · CPU | 1.02 | 1.48 | Tested |
| Gradient-boosted trees (machine learning) | Machine learning · CPU | 1.23 | 1.15 | Tested |
| Exponential smoothing (statistical) | Statistical · CPU | 1.29 | 1.17 | Tested |
Reading
It is above 43% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 1.9% |
| September 2026 | -0.5% |
| August 2026 | 0.4% |
| July 2026 | 1.3% |
| June 2026 | 2.1% |
| May 2026 | 3.6% |
| April 2026 | 1.8% |
| March 2026 | 6.2% |
| February 2026 | 4.0% |
| January 2026 | 2.4% |
| December 2025 | 0.4% |
| November 2025 | 0.0% |
| October 2025 | 0.0% |
| September 2025 | 2.0% |
| August 2025 | 1.7% |
| July 2025 | 2.9% |
| June 2025 | 6.3% |
| May 2025 | 4.0% |
| April 2025 | 4.9% |
| March 2025 | -0.2% |
| February 2025 | 0.1% |
| January 2025 | 0.8% |
| December 2024 | 0.4% |
| November 2024 | 0.2% |
Source
Data: public market data feeds.
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