Used car prices fell in January, data from the U.S. Bureau of Labor Statistics revealed on Tuesday, in another signal that the cost of pre-owned vehicles was moderating from its pandemic highs, an analyst told Newsweek.
The cost of a used car or truck fell by 3.4 percent in January from the previous month and for the year it decelerated by 3.5 percent, according to government data.
Part of the reason that prices are falling is due to the improved availability of new cars, Ivan…
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