Wholesale Used Car Prices Tank, Retail Prices Rise

Dealers make a killing, consumers take a bath

  • The price of a used car declined by two percent from September to the first half of October and has declined by 10.3 percent from one year ago.
  • The retail price of a used car has increased by 7.2 percent compared to last year.
  • With dealers paying less and shoppers paying more, economists said this suggests dealers are keeping the difference and contributing to inflation in the used car market.
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