If you are looking to buy a car, now may be the time to consider buying a used car.
Prices for used cars are dropping after they soared during the pandemic.
The car shopping guide Edmunds reports the average price of a used car purchase in December was $29,533.
That’s down nearly $1,600 from the record high of $31,095 last April.
The reason? There’s more inventory and less demand.
UNC Economist Gerald Cohen said it’s the reverse of what we saw a year ago; there’s more inventory and…
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