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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.
Whatever the cause, the effect is clear: Late-model used cars are no longer affordable. One-year-old models averaged around $28,000 in 2019, and in 2023, that number has grown to $46,403 – a 67% ...
Manheim’s new-vehicle sales data shows a jump of 8.7% year over year in February, and up 9.1% month over month. It seems the issues Americans have had buying cars lately — whether it’s been ...
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.
The average overall cost of owning and operating a new car in 2023 — including fuel, maintenance and insurance — was $12,182, or $1,015 monthly, according to AAA. That’s up about 14% from ...
While the industry average price increase was 10.9% in July, EVs and hybrids posted a significantly higher increase. Website iSeeCars analyzed over 1.8 million used-car sales in July to arrive at ...
Jul 10th 2023 at 3:09PM. 9. Used-car prices in the United States fell 4.2% in June, their biggest monthly drop since the early days of the pandemic, as a key measure of inflation eases. Rising ...
Autoblog brings you car news; expert reviews of cars, trucks, crossovers and SUVs; and pictures and video. Research and compare vehicles, find local dealers, calculate loan payments, find your car ...
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