Experts Predict Used Car Prices Will Continue To Drop in Remaining Months of 2023

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  • Experts Predict Used Car Prices Will Continue To Drop in Remaining Months of 2023

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Although used car prices are still stubbornly high and inventories historically low, things have improved so far in 2023. “The last several months have followed very closely to 2019’s levels, the last normal year we’ve seen,” said Chris Frey, senior manager of Economic and Industry Insights at Cox Automotive.

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The average used car buyer paid $27,147 in June…

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