Used-Car Prices Are Rising Again. That Could Be a Problem for the …

Used car and truck prices rose 2.7% month over month in October, according to the latest consumer price index reading. On an annual basis, however, used vehicle prices were down …

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Used-Car Prices Are Rising Again. That Could Be A Problem For The …

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Used car and truck prices rose 2.7% month over month in October, according to the latest consumer price index reading. On an annual basis, however, used vehicle prices were down …

msn.com

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Used-Car Prices Are Rising Again. That Could Be A Problem For The …

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October saw a 2.7% spike, and prices have continued to rise in November, spurred by tight supply and increasing demand.

barrons.com

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Used-Vehicle Prices Turn Into Inflation Headwind, After Historic 2 …

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Dec 7, 2024 · And retail prices, which lag wholesale prices by a couple of months, also started rising again. The used vehicle CPI already flipped, and spiked by 2.7% in October from …

wolfstreet.com

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Used-car Prices Are Going Up: Here's A Look At Why - USA TODAY

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While the most recent consumer price index showed used-vehicle prices fell 2.8% in February from the prior month and 13.6% over the last 12, that data wouldn’t have captured the higher wholesale prices car dealers began to pay in February. Cars that Americans purchased that month were likely bought by dealers in December and January when wholesale ...

usatoday.com

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Used Cars Prices Went Up Again; Here’s Where They Could Be Headed

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Nov 25, 2024 · The average used car in America sold for $25,499 in October, up $138 from September’s average. The slight adjustment mirrored a tiny rise in new car prices, according …

marketwatch.com

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Used Car Prices Are Surging. Here's Why You Should Buy Now

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Mar 30, 2023 · Much of the problem stems from the surging prices of new cars. In February, according to Edmunds, the average new vehicle in the United States sold for nearly $48,000 …

nbcwashington.com

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Used Car Prices Are Surging. Here’s Why You Should Buy Now

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Mar 30, 2023 · From an eye-watering peak of $31,400 in April of last year, the average price had dropped 14% to $27,125 early this month. Now, with the supply of used vehicles failing to …

apnews.com

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After A Steep Fall, Used Car Prices Poised To Rise Again

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Feb 20, 2023 · In January used car prices were down 11.6% from the year earlier, according to the Consumer Price Index, the government's key inflation reading -- the biggest 12-month …

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Used Car Prices Are Surging. Here’s Why You Should Buy Now

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Mar 30, 2023 · Much of the problem stems from the surging prices of new cars. In February, according to Edmunds, the average new vehicle in the United States sold for nearly $48,000 …

thehill.com

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Used Car Prices Signal Inflation Woes - Leaders.com

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A significant rise in the price of used cars could see the CPI increase steadily again from 6.5% in December. Last year’s peak was 9.1% in June. “The market thinks inflation is at its peak. Used …

leaders.com

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Used Car Prices Are Surging. Here’s Why You Should Buy Now

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Mar 30, 2023 · “A used inexpensive car is now becoming more and more of a luxury,” Catalano said. “What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 …

newsnationnow.com

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Why Experts Say Now Is A Good Time To Buy A Used Car Before …

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Mar 30, 2023 · Much of the problem stems from the surging prices of new cars. In February, according to Edmunds, the average new vehicle in the United States sold for nearly $48,000 …

pbs.org

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Dealers Paying More For Used Cars; Prices Likely To Rise Again

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Dec 21, 2021 · The price of the average used car has increased by 27% in the last calendar year. It crossed the $27,000 mark for the first time late last month . But there is some reason to …

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Used-car Prices Are Surging — Again - Business Insider

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Sep 20, 2021 · This latest spike pushed used-car prices to 24.9% above September 2020 and a whopping 41.9% above March 2020 levels, according to Manheim's index. The auction …

businessinsider.com

FAQs about Used-Car Prices Are Rising Again. That Could Be a Problem for the … Coupon?

Are used car prices rising again?

Used-Car Prices Are Rising Again. That Could Be a Problem for the Fed. Used-Car Prices Are Rising Again. That Could Be a Problem for the Fed. P rices for used cars and trucks surged in October, contributing to an unexpected uptick in inflation. ...

How much did used car prices rise in October?

Used car and truck prices rose 2.7% month over month in October, according to the latest consumer price index reading. On an annual basis, however, used vehicle prices were down -3.4%. Still, the rate of price growth in October was significantly higher than the 0.3% gain logged in September. ...

Why are new car prices high?

The prices of new cars are surging, leading to a vehicle shortage and inflated prices. In February, according to Edmunds, the average new vehicle in the United States sold for nearly $48,000 — beyond the reach of many consumers. ...

Why are used cars so expensive?

Once the government sent stimulus checks to most American households, demand for autos rose as many people spent their money. As they did, the supply of used vehicles fell and prices surged. By early last year, the average used-vehicle price was more than 50% above its pre-pandemic point. ...

What happened to used car prices?

The nine month streak of good news snapped with the April CPI report, which showed used car prices rose by 4.4% month-over-month. So, what happened? CNN reported in February that auto wholesaler Mannheim registered a 4% jump in its average wholesale used car price in the middle of February, which was likely to trickle down to individual car buyers. ...

Will a sustained rise in used car prices slow inflation?

A sustained rise in used car prices could make it more difficult for the Fed to pull back on rate hikes, as it has been a major factor in the slowing of inflation, according to the CPI, which has fallen for seven straight months. Prices are up 6.4% over the last 12 months. ...