Used-car prices in the United States have gone back up again in March, after easing for months.
The average used-vehicle price was gradually leaning toward affordable again for millions of Americans for almost a year.
Although the relief was relatively slight, many car buyers benefited from the price decline.
The average used-car purchase had dropped from $31,400 in April 2022, by 14 percent, to $27,125 early this month.
The noticeable decline in used-vehicle prices toward the end of last year has been nearly cut in half in 2023, as inventories remain low due to disruptions in new vehicle production, according to Cox Automotive.
The slowdown in newly available vehicles during the pandemic has finally hit the used-vehicle market, with no relief expected anytime soon….