Reported about 15 hours ago
Used car prices experienced their largest increase since May 2023, climbing 2.2% in January and reflecting ongoing trends despite mixed results in the new car market. This uptick is attributed to a reduction in inventory and a potential seasonal boost as spring approaches, as well as challenges from supply chain issues that have affected the auto industry over the past few years. Overall, the transportation sector continues to see rising costs, driven by increased maintenance and insurance prices.
Source: YAHOO