bernard
THEE Realist
The prolonged inventory crunch of dealership lots is turning the U.S. used-car market upside down: Once-depreciating vehicles are rising in value, and some recently purchased ones are worth more now than their original price.
With car companies still trying to resume normal levels of factory output, dealers have been left with a scarcity of new vehicles to sell at stores, pushing many buyers into the used-car market where they are also encountering limited options.
Used-car prices rose 40.5% in January from a year ago, according to data released Thursday by the Labor Department, a jump that helped accelerate U.S. inflation to an annual rate of 7.5% last month, a new four-decade high.
www.wsj.com
www.wsj.com
With car companies still trying to resume normal levels of factory output, dealers have been left with a scarcity of new vehicles to sell at stores, pushing many buyers into the used-car market where they are also encountering limited options.
Used-car prices rose 40.5% in January from a year ago, according to data released Thursday by the Labor Department, a jump that helped accelerate U.S. inflation to an annual rate of 7.5% last month, a new four-decade high.
Why Your Car Might Be Worth More Today Than When You Bought It
The surge in used-car prices is undoing years of depreciation on some models, leaving some car owners with vehicles worth more now than when bought.
www.wsj.com
The 10 Used Cars Surging the Most in Price: Here’s the List
Prices for used cars rose nearly 41% over the past year, with the Dodge Grand Caravan, Nissan Versa and Toyota Prius setting the pace among three-year-old models
www.wsj.com
