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Well, it was bound to happen sooner or later. U.S. used car prices are up 30% over June 2010, in some cases besting Kelly Blue Book values by as much as 25%. Trade-ins are also up by 30% since this time last year.
A variety of factors, including an economy still reeling from the Global Financial Crisis, high gas prices and the Tōhoku earthquake, are thought to be responsible for the massive price rise.
Read more »Post Title → Sticker Shock: U.S. Used Car Prices Soar as Nation Tackles Weak Economy and More
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