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


by WSJ

WSJ— Buyers challenged by high used car prices are sitting on the sidelines, driving down demand and prices in the pre-owned market.

ZeroHedge—Used Car Prices Are Crashing At A Near Record Pace. Used Car Prices Are Crashing At A Near Record Pace It's been a challenging year for consumers. And with the highest inflation in four decades, some are paring back spending on big-ticket items, such as used automobiles. After jumping 90%, since the start of the virus pandemic, used car prices are cooling as buyers balk due to affordability issues stemming from soaring interest rates.  Outside of the COVID shock and Great Financial Crisis of 2008/09, the Manheim Used Vehicle Value...

CNBC—Used-car prices are down from record highs, easing the impact of inflation. Wholesale vehicle prices have dropped 6.4% since the January record.

Global News—No additional relief coming for B.C. drivers right away as gas prices continue to soar. Energy Minister Bruce Ralston said Monday the province is looking at options but has no current plans to step and address the rocketing price at the pumps.