Used car prices have been on a steady decline. But this comes with the cost of higher interest rates for auto loans, which is reducing demand for new and used vehicles, alike. If the Fed keeps interest rates the same for the rest of the year, used car prices could rise again. “As soon as prices dip even a little bit, or dealers offer any kind of discount, buyers are swooping in,” Pat Ryan, CEO and founder of the car-buying website CoPilot, said in a press…
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