Prices are 3.3% lower than they were a year ago, and have been dropping every month for the last five months. Here's why.
Experts say it is worth looking up a car's history before buying.
Prices are still high, but demand is slackening and inventory is catching up, AutoNation reports.
Inventory is rising as people sell extra vehicles to take advantage of high prices and dealerships make enticing trade-in offers, experts say.
While many new-car assembly lines are backed up, older cars are available, and they're fetching premium prices.
Inflation data shows that consumer prices went up 4.2% year over year — the most since 2008.
The price of used vehicles is up 32% since January.
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 […]
The used-car retailer is doing pretty well for itself, despite a worse-than-expected earnings report.