Used Car Prices Are Falling So Much They're Driving Down Inflation

“The bigger impact on vehicle prices is not so much inflation as it is scarcity,” Aaron Bragman, Detroit bureau chief at online automotive ...

Data from the Bureau of Labor Statistics shows that the Consumer Price Index (CPI) — which measures inflation — for new vehicles in U.S. cities ...

In August 2023, consumer prices for new cars slid 1.2% over July, and they were down nearly 7% over the same period in 2022.

Car prices have dipped for new and used cars, but they're unlikely to ever drop to pre-pandemic levels.

Domestic automakers are still producing fewer cars and focusing on more profitable luxury models. Used car prices helped to lower overall ...

Lower supply, higher prices: It's basic economics. Which cars are being made? Not the cheap ones. When automakers can't make as many vehicles as ...

The average price of a used vehicle — $27,297 as of last month — is down 3% from a year ago and 12% below the peak of $31,095 in April 2022.

Seasonally adjusted, prices of used vehicles that were sold at auctions across the US fell 2.3% in April from March, to $18,151, the lowest ...

Nationwide, used car prices soared 17 percent nationally in seven months last year — the most of any product.

One driver of inflation in Tuesday's consumer price index report has proved to be durable — namely, the price of used cars. It's up 9% over ...

Used car prices dropped 3.8 percent on average in March, according to a Bureau of Labor Statistics assessment of prices released Tuesday ...

The slowdown in new car production is pushing up prices of used cars, with the average cost jumping to a record $25,410 earlier year, according ...

Rapidly rising inflation in the U.S. is bound to slow soon — if just because the cost of used cars and trucks can't keep rising ...

But shrinking supply isn't the only factor driving prices higher. There has been a big uptick on the demand side, too. Some of that can be ...

... used cars is falling off a cliff while the retail prices ... as the Federal Reserve is hiking interest rates in order to bring down inflation.

Though average wholesale prices that dealers pay are gradually dropping, they'll likely remain near record levels. So will the retail prices for ...

The rising price of new and used cars is an important part of the inflation reading, given how much Americans spend every year on cars – more ...

Economists crunching the latest inflation data have found soaring used-car prices to be the prime culprit behind the surge.

Surging prices for used cars have been a major driver of inflation this year. Now, there are signs those price hikes may be shifting into ...

CNBC's Jim Cramer on Thursday said that while headwinds facing the used car market make it un-investable, its declining performance is also ...