Used car prices in the US are growing so fast they are driving inflation

Dan Kopf
·1-min read
Used car prices in the US are growing so fast they are driving inflation
Used car prices in the US are growing so fast they are driving inflation

The used car is a hot commodity in the US right now. The US Bureau of Labor Statistics reported overall inflation grew 0.2% from August to September. First, economic uncertainty tends to drive consumers towards used cars—a big investment in a new car during a recession just doesn’t make sense when your job feels tenuous.