News: May 7, 2022. The Used Car Prices are Falling

After several months of growth, the price of used cars has started to decline. Reference. This is probably due to decreased demand of used cars from increased interests rates and a general decline in affordability. (People are using their money more for food and transportation)

We will see in the next months the trend, specially due to inflation and decreased demand.

Source

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.