Consumers are shelling out an average $10,000 more for used cars than if prices were 'normal,' research shows

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

Consumers are paying an average $10,000 above 'normal' prices for used cars, research shows

"Despite signs of a slowing economy, rising interest rates and high fuel prices, the used-car market is holding firm," said CoPilot CEO and founder Pat Ryan.

By contrast, vehicles that are 8 to 13 years old come with an average price of $18,038, or $5,416 more than the previously forecast $12,622. That category is the only age segment whose average price has been trending downward for several months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Its called bidenomics

No shit.

Better than paying 100% markup fees on new cars.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CAR

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Car Accident Video Shows How Far Car Technology Has ComeIt's easy to think that cars haven't changed much in the last 70 years. After all, they have the same basic parts (windows, doors, seats, steering wheel, pedals) and they work in much the same
Source: cleantechnica - 🏆 565. / 51 Read more »