Used Car Prices Expected To Keep Going Up

Used car prices have been surging in 2021 – and analysts think the trend might be here to stay.

Used vehicle prices went up 1.9% in November and 2.5% in October – twice as fast as the cost of new vehicles.

Part of the reason?  Fewer used vehicles heading to market, caused by a lack of new car purchases and fewer rental cars being sent to auction.

Have you bought a car in the last year?  How was the experience different than pre-pandemic?