Posts Tagged: cars are so expensive now

Why are cars so expensive now?

Why are cars so expensive now? Here’s why cars are so expensive now As of June 15th, the wholesale cost of used cars (the prices dealers pay when they buy used cars) was up by 39% over pre-pandemic prices. That’s raised the retail price of used cars by 21% over last year. The retail price of used cars went up a full 10% in April 2021 alone! New car prices went up 2% in the same period. That’s incredible when you consider that the yearly inflation rate over the last … Read More