Thinking of Buying a Used-Car Now? Beware!
In the market for a used-car? Well, you might be in for some sticker shock based on the most recent Consumer Price Index report from the U.S. Bureau of Labor Statistics. According to the BLS, not only did the CPI show the highest overall annual inflation rate in 13 years, used-car prices climbed a staggering 29.7% over the past 12 months. And according to Cars.com, prices leapt an astonishing 14% from just the beginning of 2021.