Used Car Prices Are Too High at Madison Autumn blog

Used Car Prices Are Too High. Used car prices are particularly hard hit because rental car companies, facing a near halt in demand last year, sold off about a third. At its worst, average used car prices were reported as high as $33,513 in march 2022, with interest rates. Data from edmunds shows the average price of a used car purchase in december at $29,533, down nearly $1,600 from the record. And after falling last year, closely watched wholesale prices, a key. While they’re down from their peak during the pandemic, used car prices are still about 40% higher than before covid, according to the bureau of labor statistics. As prices fall, higher interest rates are ramping up monthly payments.

Why car prices are still so high — and likely won't fall anytime soon NPR
from www.npr.org

Data from edmunds shows the average price of a used car purchase in december at $29,533, down nearly $1,600 from the record. While they’re down from their peak during the pandemic, used car prices are still about 40% higher than before covid, according to the bureau of labor statistics. Used car prices are particularly hard hit because rental car companies, facing a near halt in demand last year, sold off about a third. At its worst, average used car prices were reported as high as $33,513 in march 2022, with interest rates. As prices fall, higher interest rates are ramping up monthly payments. And after falling last year, closely watched wholesale prices, a key.

Why car prices are still so high — and likely won't fall anytime soon NPR

Used Car Prices Are Too High As prices fall, higher interest rates are ramping up monthly payments. Data from edmunds shows the average price of a used car purchase in december at $29,533, down nearly $1,600 from the record. And after falling last year, closely watched wholesale prices, a key. As prices fall, higher interest rates are ramping up monthly payments. At its worst, average used car prices were reported as high as $33,513 in march 2022, with interest rates. Used car prices are particularly hard hit because rental car companies, facing a near halt in demand last year, sold off about a third. While they’re down from their peak during the pandemic, used car prices are still about 40% higher than before covid, according to the bureau of labor statistics.

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