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?