Used vehicle prices, already sky high, will continue to rise, according to a new report, per Edmunds.
Low pickup truck inventory is an influencing factor, which is pushing consumers to SUVs and passenger cars instead.
Tighter inventory and no discounts in the new car market are pushing shoppers to seek a reprieve in the used market, and this consumer behavior is what’s also driving used car prices to higher levels. Car, truck and SUV shoppers are used to getting deals, and sometimes below the MSRP sticker price for new, so anyone returning to the car market for the first time in a while is in for some serious sticker shock.
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