This is one of the worst times to buy a car in decades. 3 charts explain why | CNN Business

Vehicle transaction prices — the price you actually end up paying after any dealer discounts or markups — have been climbing higher and faster since 2020 than any other point in more than 35 years, according to recent data from the Bureau of Labor Statistics. The consumer price indexes for both new and used cars — the average changes in vehicle transaction price over time — are much higher than they were four years ago in 2019. There is a silver lining.

Over the used car market’s worst 12 months of the pandemic, the index rose 45%. There’s never been a 12-month period since the BLS began keeping records in 1947 when used car prices have inflated more. Recent trends in prices have been similar across regions of the United States, though in some areas, the starting prices may be higher than others. Preferences for more expensive vehicles in some areas drive these regional differences, Drury said.

Isn’t it obvious at this point that Trump scares Joey and all other DEMs so much that there doing whatever they can to stop him. Let’s face it, the world was a much better place under Trump. Under Biden the US is a JOKE and we will all pay the price!

Who would want to spend 1,000 a month for a new car and probably 6 or 700 a month for a used car. That used car is probably a 15% interest rate. Automobile dealers thought they had a good a few months ago the tide has changed they'll be weeping shortly

博物館に飾られる品物だからね😂

BuildBackBetter

Welcome to the show, what took you so long.

Way to go Joe Biden!

Thank you CNN for the obvious !

Now try eggs, or electricity.

Hello!!! Where have you beenCovid AKA China virus. During that time is when new & used cars jumped up 45% during pandemic.

Thanks to HE/HIM

Thanks Joe Biden! POTUS

I’ve never seen so many German luxury cars in my neighborhood. Including Porche. Sounds like people are ready to pay crazy prices for brand names.

In decades? How about ever before?

BidenDestroysAmerica WarOnEnergy

“It’s transitory”

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