Used-Car Buyers Are Seeing Relief on Once-Soaring Prices

The rise in used car prices, which has largely contributed to inflation over the past year, is starting to ease as dealers say buyers are pushing back on what they’re willing to spend.

During the pandemic, car prices increased by 45%, reaching an average of $29,969 at the end of last year, and rising faster than brand-new car prices, according to data from research firm Edmunds, according to data from research firm Edmunds. Edmunds research firm.

https://www.wsj.com/articles/used-car-buyers-are-seeing-relief-on-once-soaring-prices-11652529601?mod=pls_whats_news_us_business_f Used-Car Buyers Are Seeing Relief on Once-Soaring Prices

Edmund DeMarche

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