CNBC
US · 1 hrs ago
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Used car prices fall for first time this year as gas prices spike, EV interest rises
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Used car prices have declined for the first time this year, according to Cox Automotive data, as rising gas prices and growing interest in electric vehicles shift consumer demand patterns amid ongoing affordability concerns.
Used car prices fall for first time this year as gas prices spike, EV interest rises
Cox Automotive reports affordability remains a key concern for buyers, which is driving increased demand for older vehicles as well as all-electric vehicles.
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