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Prices of used cars: https://www.cargurus.com/Cars/price-trends/ https://www.cargurus.com/Cars/price-trends/ ...you can select the start date for the chart as
by floxy 4y ago
Prices of used cars:
https://www.cargurus.com/Cars/price-trends/ https://www.cargurus.com/Cars/price-trends/
...you can select the start date for the chart as early as August of 2010. Price increases starting in late 2020 don't look illusory to me.
- dariusj18 4y agoThis is pretty obvious knock on effect of the pandemic too. Inflation isn't making it so that every new car is selling at or above MSRP currently.
- floxy 4y agoI suppose it matters whether you consider inflation a cause or an effect?
- dariusj18 4y agoI think that is a good point, and one of the reasons this inflationary period seems to be so widely misunderstood and contentious. We just spent over 2 years dealing with a pandemic, there will be side effects caused by the pandemic as well as the solutions to ease its impact. In regard to car prices, I would say that the prices themselves contribute to the inflation statistics, but they are not caused by inflationary pressure.