Car Cash

Between 8/12 and 7/20, used car prices were stable, but starting in 8/20, used car price inflation skyrocketed. For the year ending 7/21 inflation was a stunning 41.4%. However, by 7/22 Y-o-Y inflation was just 6.5%, and since 11/22 prices for all used vehicle types have declined. Compacts decreased the most, 11.3% Y-o-Y, while pickups have fallen the least, just 4.6%. Overall, prices are down 5.8% Y-o-Y.