CNET: Used car prices up 37% year-over-year as supply constraints bite

CNET: Used car prices up 37% year-over-year as supply constraints bite. “This year’s been a norm-busting time for a number of reasons, and used car prices are included. JD Power published a market update on Monday and delivered more bad news for used car prices: they’re still rocketing upward. After a brief reprieve this summer, the latest data from October 2021 showed prices rose 37% year-over-year compared to 2020. In other words, used cars cost almost 40% more than they did this time last year.”

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