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Used car prices surged since the pandemic hit in 2020; prices jumped up 40 percent to an average of nearly $29,000 between early 2020 and May of this year, the Associated Press reported.
The used car market saw even more moderation, with prices down 0.5% for June, and dropping 5.2% year over year. Both of those figures for the used car market fell considerably compared to the ...
New data shows used car prices which surged during the pandemic, are now stubbornly remaining there despite recent weakness in the market. ... February 2020 saw the index at 156.6.
New car prices fell 0.4% in April and 0.4% from the prior year. Compared to their peak in February 2022, prices paid for used vehicles are now down 16.8%. Used car prices rose more than 40% ...
For those attentively following the frustrating and overpriced used car market over the past two years, something had to give. According to Manheim, wholesale used car prices saw a "large decline ...
Car prices, in particular for used vehicles, seem to be coming down faster compared to inflation in the broader economy, which saw overall CPI rise 3.2% in July year over year. That was below ...
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