Used car prices have started to fall after experiencing a meteoric rise in the wake of the pandemic, according to a recent study. The price of the average used car fell by 2% in November 2022 and dropped again by 3% in December 2022, though some models bucked this trend.
“We’re still a long way from ‘normal’ but there are clear signs the elevated prices of the past two-plus years are coming to an end,” said iSeeCars executive analyst Karl Brauer. “It was easy to predict…
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