Why Are Used Cars Worth So Much at Luca Waldock blog

Why Are Used Cars Worth So Much. Luxury cars are ticking up in price, with the average for used models on carfax.com topping $30,000 for the first time since april of this year. Used car prices averaged $31,556 in march, down from a peak of $32,889 in april 2022 but still 33% more than march 2020’s. As prices fall, higher interest rates are ramping up monthly payments. The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. What's that mean for your budget, inflation, and the fed's. This is a look at today's. 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.

Why Are Used Cars So Expensive?
from infocarportal.com

What's that mean for your budget, inflation, and the fed's. This is a look at today's. Used car prices averaged $31,556 in march, down from a peak of $32,889 in april 2022 but still 33% more than march 2020’s. Luxury cars are ticking up in price, with the average for used models on carfax.com topping $30,000 for the first time since april of this year. 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. The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. As prices fall, higher interest rates are ramping up monthly payments.

Why Are Used Cars So Expensive?

Why Are Used Cars Worth So Much What's that mean for your budget, inflation, and the fed's. As prices fall, higher interest rates are ramping up monthly payments. This is a look at today's. What's that mean for your budget, inflation, and the fed's. Used car prices averaged $31,556 in march, down from a peak of $32,889 in april 2022 but still 33% more than march 2020’s. Luxury cars are ticking up in price, with the average for used models on carfax.com topping $30,000 for the first time since april of this year. 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. The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic.

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