Used car prices hit highest level since summer 2023
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The Bottom Line
Wholesale used car prices reached their highest level since summer 2023 due to tight supply and tax season.
How This Affects You
Consumers looking for used vehicles are now facing elevated costs due to the nearly three-year high in prices.
AI Summary
Wholesale used car prices reached their highest level since summer 2023 in March. This increase marks a nearly three-year high for the market. The surge is attributed to a combination of tight supply and the ongoing tax refund season. Consumers looking for used vehicles are now facing elevated costs. This trend indicates continued pressure on the used car market.
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