❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now

What’s behind the used car sales boom?

Renata Sago Aug 21, 2018
HTML EMBED:
COPY
Used cars are displayed on a sales lot on June 9, 2011 in San Rafael, California. Justin Sullivan/Getty Images

What’s behind the used car sales boom?

Renata Sago Aug 21, 2018
Used cars are displayed on a sales lot on June 9, 2011 in San Rafael, California. Justin Sullivan/Getty Images
HTML EMBED:
COPY

Used car prices hit a record high this summer according to recent data from the business and research firm Cox Automotive. Economists there found car prices for July, which is usually a slow month, were up 5.1 percent from the same month last year. Why is this happening?

Click the audio player above to hear the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.