Used-car prices drop for the sixth consecutive month as demand falls and new cars become more available – Car News

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Used-car prices are decreasing across the country as new car availability slowly returns to normal, a report has found.

It’s the sixth consecutive month used-car prices have fallen according to the data supplied, but the cost of buying a used car is still well above where it was before supply chains were ravaged by lockdowns and the Covid-19 pandemic.

The research undertaken by Michael Brisson, a senior economist for Moody’s Analytics, shows used-car prices are generally 55 per…

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