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Used car prices fell 1.0% over the prior month in August and 10.4% from the prior year, data from the BLS revealed on Wednesday. ... meaning cheaper loan payments on cars and more attractive ...
But used car prices are still up 32.4% year over year. Vehicle prices have had a disproportionate affect on inflation recently. In past decades, the price of used cars’ contribution to inflation ...
Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. Prices for used cars and trucks are still 16.9% higher than in July 2019.
When Will the Used Car Market Bounce Back? The Jerry study found that the used car market will not return to pre-pandemic levels anytime soon. In 2019, there were 13.1 million used cars on the market.
Timing is everything in life. And with used car prices still 29.6% higher than pre-COVID-19 pandemic levels, according to a study from used car search engine site iSeeCars, timing your used car...
A recent study from iSeeCars found that the average used car price declined 5.1% from $32,627 in October 2022 to $30,972 in October 2023. Used EVs had a 33.7% price drop from $52,821 to $34,994 ...
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