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Used auto prices continue to deflate from their early 2022 peak, per the latest CPI report.
According to the CPI report released on Thursday, used car and truck prices have plunged 8.8% from December 2021 to December 2022. The drop adds to a streak of declines for auto prices in late 2022.
“Indexes which declined over the month include the index for used cars and trucks, which fell 2.5% in December, the sixth consecutive decline in that…
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