BUSINESS NEWS

Used-Car Buyers Are Seeing Relief on Once-Soaring Prices



Rising used-car prices, which have been a big contributor to inflation over the past year, are starting to ease with dealers saying buyers are pushing back on what they are willing to spend.

During the pandemic, prices for preowned vehicles climbed 45%, hitting an average of $29,969 at the end of last year and rising faster than those for brand-new vehicles, according to data from research-firm Edmunds.



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