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The Rising Tide of Used Car Prices: Analyzing the Factors Driving the ...
Over the past year, used car prices have experienced a significant increase, with a 30.4% rise due to the ongoing microchip shortage. This surge in prices has varied across states, with Connecticut witnessing the highest increase at 35.2% and Wyoming having the lowest at 18.9%. Interestingly, seven of the ten states with the highest price…
By Razib - May 19, 2023