Buying a used car in the Midwest got a little more affordable in May over the previous month.
The good news is that year-over-year price increases in used vehicles in May dropped seven percentage points from the year-over-year April price increases, from April’s 23.9 percent to May’s 16.9 percent. The bad news is a used car and truck in May 2022 still cost 16.9 percent more than a comparable used vehicle cost in May 2021.
Major cities in the Midwest are among those hardest hit by increased used car prices between May 2021 and May 2022.
Ranked in the iSeeCars Top 50 Cities Are:
Minneapolis/St. Paul, ranked seventh with an 18.7 percent increase, or an average $5,443 May year-over-year increase….