Used Car Prices in the US Jumped in September

Used Car Prices in the US Jumped in September Used car prices in the US jumped in September. In this period, which was struggling with the economic effects of the coronavirus epidemic, second-hand car prices experienced the biggest jump in the last 50 years. Used automobile prices in the USA experienced the biggest rise in the last 50 years in September and became one of the most influential issues in the increase in the consumer price index shared by the government. The seasonally adjusted 6.7 percent price increase in used car prices was the highest since 1969 in February. Prices rose 5.4 percent in August and 2.3 percent in June. Vehicle production facilities were temporarily closed due to the coronavirus outbreak in the USA. For this reason, the demand for used cars and trucks has been increasing ever since. The rise in used car prices is also due to automakers' cessation of entry-level cars and the decline in public transport use due to the epidemic. The average cost of purchasing for new vehicles reached $ 39,903 in the third quarter, an increase of $ 2,000 compared to 2019.