5/26/2023 Used Car Prices Measure Inflation

THIS IS BOB’S WORLD… GOOD MORNING I’M BOB WELCH ALL NEW VEHICLES BECOME USED CARS AND TRUCKS ONCE THEY’RE SOLD. IN FACT, ONE USED CAR DEALER USES THE LINE… EVERY CAR’S A USED CAR. OLD ADDEGE THAT YOUR BRAND NEW CAR LOSES VALUE FROM THE SECOND YOU DRIVE IT OFF THE LOT… BUT, THESE DAYS EVEN USED VEHICLES COST A LOT .. AND THEY MAY NOT RETURN TO PRE-PANDEMIC PRICE POINTS MORE IN A MINUTE..