Used car prices are finally coming down, and by the latest measure, they could be dropping hard.
According to the latest Consumer Price Index (CPI), used car prices fell about 0.5% in June 2023 and a whopping 5.2% year over year. That means, a used car that would have cost you $10,000 in June 2022 would have hypothetically cost you $520 less in June of this year.
If you’ve gotten used to rising prices on cars, then you might welcome this as good news, especially if you’re currently…
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