Inflation Concerns Add Challenges to the Used Car Market (PDF) Even as the Federal Reserve raises interest rates, a surprise spike in used-vehicle prices last month is fueling frustration among US car buyers. As a result of the 2.5% rise in used vehicle prices from December, Manheim said some
How Long Will Car Prices Remain High? (PDF) Auto prices are on the rise, as they are for many other consumer goods. The average price paid for a new vehicle in the U.S. increased 6.3% year-over-year in September 2022, combined with soaring gasoline prices and rising interest rates, this
The price of used cars and trucks rose by almost a quarter between September 2020 and September 2021. The index for all items less food and energy rose 4.0 percent over the past 12 months. The index for used cars and trucks increased 24.4 percent over the same time. Used
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