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Prices for used cars and trucks are still 23.6% higher than in July 2019. ... JUNE 07: Pre-owned vehicles are seen for sale at the South Point dealership on June 07, 2023 in Austin, Texas.
The effect could be similar to a change in EV regulations — prices of EVs might go down at used-car lots, while prices of gas-powered cars might go up. Tariffs.
Limited supplies of new cars for sale following Covid sent new car prices, and even used car prices, soaring. ... the inventory of cars and trucks on their dealer lots is exhausted, he said ...
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The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
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