The price of new and used cars increased by 11.8% and 37.3% respectively in December 2021 from December 2020, while wages increased by 4.9% in that same period.

Americans needed to work five weeks more on average to afford a used car in 2021

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bizgrrl's picture

I thought used car prices

I thought used car prices were higher than usual because of lack of new cars. Will this not return to normal once new cars are once again plentiful? If...

jbr's picture

Why car prices remain so

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