CARS - Used vehicle prices continue to slide in latest CPI report

2023-04-12 09:05:10 ET

Used car and truck prices declined yet again in March, slipping for the ninth consecutive month.

According to the latest data from the Bureau of Labor Statistics, used car and truck prices fell 0.9% from February to March 2023, amounting to an 11.2% decline year over year. New vehicle prices, by contrast, rose 0.4% sequentially. New auto prices are up 6.1% year over year.

Used vehicles and medical care were cited as key decliners month over month, offsetting continued rises in prices across shelter, motor vehicle insurance, airline fares, and household furnishings categories.

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